Stock Track | Philip Morris Shares Plunge 5.25% Pre-Market Despite Q2 Earnings Beat, Revenue Miss and Weak Q3 Guidance Weigh

Stock Track
07/22

Philip Morris International (PM) stock tumbled 5.25% in pre-market trading on Tuesday, following the release of its second-quarter earnings report and forward guidance. Despite beating earnings expectations, the tobacco giant's revenue miss and cautious outlook for the third quarter appear to have spooked investors.

The company reported adjusted earnings per share of $1.91 for Q2, surpassing the analyst consensus estimate of $1.86. This represents a 20.13% increase from the same period last year. However, Philip Morris fell short on the top line, with quarterly sales of $10.14 billion missing the expected $10.32 billion, though still showing a 7.10% year-over-year increase.

Adding to investor concerns, Philip Morris provided third-quarter earnings guidance that fell below Wall Street expectations. The company forecasts Q3 adjusted earnings of $2.08 to $2.13 per share, compared to the analyst consensus of $2.14. This outlook, combined with the revenue miss, suggests potential headwinds for the company's growth in the near term. The pre-market plunge reflects investor disappointment and uncertainty about Philip Morris's ability to maintain its growth trajectory in an increasingly challenging market environment.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10