Philip Morris (PM) Gains But Lags Market: What You Should Know

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

In the latest trading session, Philip Morris (PM) closed at $90.04, marking a +0.6% move from the previous day. This move lagged the S&P 500’s daily gain of 0.96%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq lost 0.04%.

Philip Morris (PM) Gains But Lags Market: What You Should Know – Zacks

Prior to today’s trading, shares of the seller of Marlboro and other cigarette brands had lost 5.79% over the past month. This has lagged the Consumer Staples sector’s loss of 1.34% and the S&P 500’s loss of 0.21% in that time.

Philip Morris will be looking to display strength as it nears 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%. Our most recent consensus estimate is calling for quarterly revenue of $7.84 billion, up 5.26% from the…

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