By George Glover

Philip Morris International reported softer-than-expected revenue for the fourth quarter on Friday, dragging down the tobacco giant's stock ahead of the opening bell.

Shares in the cigarette and Zyn nicotine pouch maker slipped 1.3% to $179.59 in premarket trading. Futures tracking the S&P 500 were 0.6% higher, as the market rebounded following a brutal tech selloff.

The move came after Philip Morris reported adjusted earnings of $1.70 a share, as revenue climbed 6.8% from a year ago to $10.36 billion. Analysts were expecting earnings of $1.70 on revenue of $10.38 billion, according to a FactSet poll.

While earnings were in line with estimates, maybe investors were hoping for more -- the stock has climbed 13% this year, and 17% over the past month, through Thursday's close.

For the current year, Philip Morris expects earnings of $8.38 to $8.53 a share, on revenue growth of between 5% and 7%. At the mid-point, the profit forecast is well above the $8.34 a share that Wall Street was looking for.

Write to George Glover at george.glover@dowjones.com

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February 06, 2026 07:24 ET (12:24 GMT)

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