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Stock Market & Financial Investment News

News Breaks
June 26, 2014
05:27 EDTPMPhilip Morris lowers 2014 EPS outlook to $4.87-$4.97 from $5.09-$5.19
Philip Morris revises its 2014 diluted EPS forecast to be in a range of $4.87 to $4.97, versus $5.26 in 2013, compared to a range of $5.09-$5.19 as previously announced on May 7. The consensus estimate is $5.25. The company said, "We continue to face significant currency headwinds, an improving but weak macro-economic environment in the EU and known challenges in Asia, partly offset by a robust performance in a number of markets and the contribution of our business development initiatives. Furthermore, we have recently witnessed significant price discounting at the low end of the market in Australia which, were it to persist, could lead us to be at the lower end of our 2014 guidance for full-year currency-neutral adjusted diluted EPS growth of 6%-8." Philip Morris said its management will offer its perspective on the company’s business outlook and long-term growth strategies at a two-day investor meeting starting today.
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October 21, 2014
06:30 EDTPMPhilip Morris implied volatility of 15 at lower end of index mean range

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