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Stock Market & Financial Investment News

News Breaks
February 20, 2013
09:06 EDTPMPhilip Morris reaffirms FY13 reported EPS view $5.68-$5.78, consensus $5.78
Excluding an unfavorable currency impact of approximately 6c, the reported diluted EPS range represents a projected increase of 10%-12% versus adjusted diluted earnings per share of $5.22 in 2012. Currency volatility remains a risk going forward. Guidance to be reaffirmed at the CAGNY Conference.
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July 29, 2015
14:14 EDTPMBAT sees 'plain packaging' legal hearing in December, Reuters says
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July 28, 2015
14:09 EDTPMAltria, Philip Morris could be ripe for recombination, Bloomberg says
The justification for splitting Altria (MO) and Philip Morris (PM) roughly seven years ago "no longer exists" and it may be time to look at a combination, reports Bloomberg Real M&A, noting that the two companies lag behind Reynolds American (RAI) after its recent acquisition of Lorillard. The report notes that the firms have already partnered on product developments in recent months, though a Philip Morris spokesperson told Bloomberg that "many of the reasons articulated by the board at the time of the spinoff are still relevant today." Reference Link
13:17 EDTPMEarnings Watch: Analysts bullish on Altria, seen as 'top pick' by Cowen
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