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Stock impact report

Philip Morris: Smokers Gonna Smoke [Seeking Alpha]

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: Seeking Alpha
SummaryWe were anxiously awaiting results to see if there was a massive negative COVID-19 impact to sales.The most recent results were strong and we think the stock is a buy.The transition to new innovative products continues.Still a dividend champion now yielding over 6%.Prepared by Tara, Senior Analyst at BAD BEAT InvestingWe continue to own a sizable position in Philip Morris International (NYSE:PMAs you may have seen, Q1 earnings were just reported and we were very pleased with the results. Make no mistake, the inherent uncertainty in the global economic picture makes forecasting much more challenging than usual. With social isolation measures placing day-to-day life on hold for much of the world’s population, this temporarily impacts nearly every business' operating environment. For PM, the most direct effect is on Duty-Free sales due to reduced travel, with additional impacts from delayed IQOS user acquisition and regulatory price enforcement in certain areas. All told, this is Show less Read more
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