BUZZ-Philip Morris up after forecasting annual profit above estimates

Reuters
06 Feb
BUZZ-Philip Morris up after forecasting annual profit above estimates

** Shares of Marlboro owner Philip Morris International PM.N up 8% at $141.53 premarket

** Co forecast annual profits above estimates after upbeat Q4 results on demand for its smoking alternatives such as ZYN nicotine pouches

** See annual adjusted EPS between $7.04 to $7.17, above analysts' estimate of $7.03 - data compiled by LSEG

** Q4 net sales of $9.71 billion beat estimates of $9.44 billion, and adjusted EPS of $1.55 surpassed expectations of $1.50

** PM rose 28% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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