business
Philip Morris Shares Ease After Company Trims 2026 Earnings Outlook (PM)
Key takeaways
- The stock slipped around 1% before the opening bell as investors assessed the updated outlook.
- Philip Morris revised its adjusted earnings-per-share forecast for fiscal 2026 to a range of $8.31 to $8.46.
- The updated guidance compares with the company’s previous projection of $8.36 to $8.51 per share and sits broadly in line with the Bloomberg consensus estimate of $8.41.
Philip Morris Shares Ease After Company Trims 2026 Earnings Outlook (PM) Fiona Craig Tue, June 2, 2026 at 6:12 PM GMT+7 2 min read PM philip morris tobacco cigarette vape NEW SIZE ©Vaping360 Philip Morris International (NYSE:PM) shares edged lower in premarket trading on Tuesday after the tobacco group reduced its full-year adjusted earnings guidance, reflecting the impact of an expected impairment charge and currency-related headwinds.
The stock slipped around 1% before the opening bell as investors assessed the updated outlook.
Philip Morris revised its adjusted earnings-per-share forecast for fiscal 2026 to a range of $8.31 to $8.46.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Bloomberg Markets
Philip Morris Cuts Outlook on $500 Million Canada Writedown
Investing.com
Earnings call transcript: Citi Trends reports robust Q1 2026 results, shares surge
Investing.com
Earnings call transcript: BW LPG Q1 2026 results exceed EPS forecasts
Investing.com
Victoria’s Secret shares gain on earnings beat, guidance raise
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop