Philip Morris (PM) Gains As Market Dips: What You Should Know

Philip Morris (PM) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

Philip Morris (PM) closed the most recent trading day at $97.41, moving +1.52% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 0.1%. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.

Philip Morris (PM) Gains As Market Dips: What You Should Know – Zacks

Prior to today’s trading, shares of the seller of Marlboro and other cigarette brands had gained 6.74% over the past month. This has lagged the Consumer Staples sector’s gain of 7.91% and outpaced the S&P 500’s gain of 3.67% in that time.

Investors will be hoping for strength from Philip Morris as it approaches its next earnings release. On that day, Philip Morris is projected to report earnings of $1.32 per share, which would represent year-over-year growth of 4.76%. Meanwhile, our latest consensus estimate is calling for revenue of $7.84 billion, up 5.26% from…

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