WSJ
21 Oct 2026, 11:49 UTC · 1h ago
Philip Morris Profit Falls, Despite Higher Sales
Impact · against what's priced in
Philip Morris's latest results are slightly negative as profit compression challenges the earnings quality the market expects. While revenue growth aligns with current assumptions, the dip in profit due to inflation and spending suggests a headwind for the EPS growth needed to maintain current valuations.
- PM−0.20
Challenges what's priced in
- The price assumes
The Q3 guidance of $2.20 to $2.25 per share
The report of falling profits due to inflationary pressures and increased investments directly challenges the recent earnings momentum and the specific Q3 EPS guidance the market has already priced in.
What PM's price assumes · Sep 1
