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Stock impact report

How the Coronavirus Is Hitting Philip Morris International [The Motley Fool]

Philip Morris International Inc (PM) 
Last philip morris international inc earnings: 4/21 06:59 am Check Earnings Report
US:NYSE Investor Relations: pmi.com/investor-relations/overview
Company Research Source: The Motley Fool
The tobacco industry often reacts differently in times of economic stress than other types of businesses, in part because demand for tobacco products tends to be resilient among customers. Across the globe,Philip Morris International(NYSE:PMYet with the coronavirus pandemic having reared its head to start 00, investors came into Philip Morris' first-quarter financial report concerned about what the company might say about the impact of the outbreak on its performance. Philip Morris' results were quite strong, but it did warn that worse times could lie ahead for the tobacco giant.The latest from Philip MorrisPhilip Morris International's first-quarter results included a lot of good news. Revenue net of excise taxes climbed 6% to $7. billion, and that was even including the downward impact of having a portion of its business deconsolidated from its financial results. Net income surged % to $.8 billion, and adjusted earnings of $. per share climbed % year over year.Image source: Philip M Show less Read more
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