BUZZ-Philip Morris drops on Q2 revenue miss

Reuters
07/22
BUZZ-Philip Morris drops on <a href="https://laohu8.com/S/QTWO">Q2</a> revenue miss 

** Shares of cigarette maker Philip Morris International PM.N down ~4% at $173.93 premarket after Q2 revenue misses estimates

** Says quarterly cigarette shipment volumes down 1.5% compared to a 1.1% rise in the prior quarter

** Posts Q2 revenue of $10.14 bln vs estimates of $10.33 bln; profit also beats estimates

** Co also raises FY adjusted profit forecast to between $7.43 and $7.56 per share, from $7.36 to $7.49

** As of last close, PM stock up nearly 50% YTD

(Reporting by Anshi Sancheti)

((Anshi.Sancheti@thomsonreuters.com))

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