Philip Morris International Inc
Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more
Check out the companies making headlines in midday trading: Genuine Parts — Shares fell about 20% on the back of the company’s weaker-than-expected earnings for the third quarter. During the period, Genuine Parts earned $1.88 per share, excluding items, below the $2.42 per share that analysts polled by FactSet were expecting. It also slashed its […]
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Teen tobacco use falls to 25-year low as fewer pick up e-cigarettes
In this photo illustration, ZYN nicotine cases and pouches are seen on a table on January 29, 2024 in New York City. Michael M. Santiago | Getty Images Tobacco product use among middle and high school students has dropped to a 25-year low, the Centers for Disease Control and Prevention and the U.S. Food and […]
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Stocks making the biggest moves midday: Gannett, Accenture, Hewlett Packard and more
Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating from neutral. The Wall Street firm believes the stock’s valuation is now “compelling,” while highlighting a slew of positive catalysts including new Chief Financial Officer […]
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From Zyn to vapes: Big Tobacco pushes further toward cigarette alternatives. Here’s who could come out on top
If you haven’t been paying attention to tobacco companies, you might not recognize the new landscape. On Tuesday, Philip Morris International announced it would invest $600 million to build a new production facility in Colorado for its popular Zyn oral nicotine pouch. The product went viral on social media earlier this year and is currently […]
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This global fund’s stock could rally by 35% if buyback limits are removed, fund manager says
Caledonia Investments could see its stock price soar by more than 35% if restrictions on share buybacks are lifted, according to fund manager Brian McCormick. Caledonia invests in privately run companies and funds and publicly listed companies such as Microsoft , Oracle , Moody’s , Philip Morris , and British American Tobacco . The company, […]
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Buyers are hoping Huge Tech earnings subsequent week could revive a flagging bull market
The Major Tech earnings subsequent 7 days could revive a flagging marketplace, or at minimum give buyers direction into in which stocks are likely from here. Subsequent week will spotlight the bulk of the Superb Seven names, which had a solid start out to the yr, but have been in a slump as of late. […]
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Wall Avenue heads into the 7 days in advance worrying the rally to document highs is managing out of steam
Wall Street continues to climb a wall of fret even as investors deliberate how significantly more time equities can preserve their report operate. The stock rally continued on Friday , with the main averages each individual advancing additional than 1% for the week, buoyed by robust final results from Meta and Amazon, as effectively as […]
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Wall Street is asking how weight-loss drugs will affect consumer giants — but it may be too early to tell
A worker organizes cans of PepsiCo Inc. soda on a shelf inside a grocery store in Phoenix, Arizona, U.S., on Thursday, July 6, 2017. PepsiCo Inc. is scheduled to release earnings figures on July 11. Photographer: Caitlin O’Hara/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images If you listen to third-quarter corporate earnings calls, […]
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Marlboro maker Philip Morris reports revenue miss, but strong sales of cigarette alternatives
Philip Morris International’s Marlboro brand cigarettes are arranged for a photograph in Shelbyville, Kentucky, on Oct. 2, 2015. Luke Sharrett | Bloomberg | Getty Images Philip Morris International on Thursday reported quarterly earnings that topped Wall Street’s expectations but revenue that missed estimates, as sales for its heated tobacco and oral nicotine products remain strong. […]
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Philip Morris considers selling stake in pharmaceuticals unit to boost healthcare division
In this photo illustration a Vectura Group plc logo is seen on a smartphone and a pc screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Philip Morris International is considering selling off a stake in its largest pharmaceuticals unit. The tobacco company, which makes Marlboro cigarettes, made inroads into the healthcare and […]
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