Shares of the world's largest tobacco company Philip Morris (PM.US) are up nearly 4.5% ahead of the open in Wall Street's cash session today after Q1 results came in much better than investment bank analysts had expected. The company beat revenue and earnings and raised its fiscal 2025 guidance.
Highlights of the company:
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Create account Try a demo Download mobile app Download mobile app- Revenue: $9.3 billion (vs. $9.14 billion guidance)
- EPS: $1.69 (vs. $1.61 guidance)
- Adjusted operating profit margin: 40.7% (up 2.5 percentage points from Q1 2024)
- Total volume: up 3.9% to $187.8 billion (heaters: +11.9% to $37.1 billion; oral nicotine: +27.2% to $5.3 billion; traditional cigarettes: +1.1% to $144.8 billion)
- Total smokeless: 42% by revenue; 22.9% by volume
Fiscal 2025 outlook
- Earnings per share: $7.01 to $7.14 (up $0.46)
The company’s stock is benefiting from strong results and the heightened market uncertainty that has dominated trading on global stock exchanges recently. The tobacco giant’s stock is trading at all-time highs ahead of today’s session. Source: xStation
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