By Laura Cooper
Shares of Philip Morris International are on track for an all-time closing high, after the company reported strong sales growth for its Marlboro cigarettes and Zyn nicotine pouches.
The tobacco company's stock rose about 9% on Thursday morning, to trade at nearly $143 a share.
Philip Morris shipped 165 million cans of Zyn in the U.S. in the most-recent quarter, up 42% from a year earlier. The popular nicotine pouch is now sold in 37 markets, after adding Italy, Romania and Thailand.
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(END) Dow Jones Newswires
February 06, 2025 10:58 ET (15:58 GMT)
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