BUZZ-Philip Morris down after lowering annual profit forecast

Philip Morris International Inc.

Philip Morris International Inc.

PM

0.00

** Shares of cigarette maker Philip Morris PM.N down 1% at $171 premarket

** Co sees annual adjusted EPS of between $8.31 and $8.46, compared to previous forecast of $8.36 to $8.51

** Expects to record a non-cash impairment charge of approximately $500 million in current quarter, following a marking down of estimated fair value of co's investment in Canadian affiliate RBH

** Sees Q2 adjusted EPS between $1.97 and $2.02; analysts on average expect $2.06 per share -- data compiled by LSEG

** CEO Jacek Olczak is set to address investors at the 2026 dbAccess Global Consumer Conference in Paris later on Tuesday

** Up to last close, stock up 7.6% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.