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Philip Morris International Inc (PM.N)

PM.N on New York Stock Exchange

119.83USD
26 May 2017
Change (% chg)

$0.35 (+0.29%)
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$119.48
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$119.88
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$118.97
Volume
651,104
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1,310,614
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$119.88
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$86.78

Latest Key Developments (Source: Significant Developments)

Philip Morris says now expects FY earnings per share in range of $4.53 to $4.58
Thursday, 29 Sep 2016 03:00am EDT 

Philip Morris International Inc : Philip Morris International Inc. Hosts Investor Day; Revises For Currency, And Narrows, 2016 Full-Year Reported Diluted EPS Forecast . Sees FY 2016 earnings per share $4.53 to $4.58 . Forecast does not include any share repurchases in 2016 . Expects its currency-neutral adjusted diluted eps in Q3 of 2016 to be flat to slightly up versus Q3 of 2015 . Revises for currency only, and narrows, its 2016 FY reported diluted eps forecast to a range of $4.53 to $4.58 . For full-year 2016, PMI forecasts a total cigarette industry volume decline of 2.0%-2.5%, excluding China and U.S. . For FY 2016, sees cigarette shipment volume, excluding China and U.S, to decline in line with Aug YTD decline of 3.9%. . PMI increases its full-year 2016 anticipated capital expenditures by an $100 million to $1.2 billion .FY 2016 earnings per share view $4.49 -- Thomson Reuters I/B/E/S.  Full Article

Philip Morris International -entered into an agreement to extend term of its existing $3.5 billion revolving credit facility, dated as of Oct. 1, 2015
Wednesday, 31 Aug 2016 12:35pm EDT 

Philip Morris International : Philip Morris International-entered into an agreement to extend term of its existing $3.5 billion revolving credit facility, dated as of oct. 1, 2015 . Philip Morris International-extension agreement extends expiration date of credit agreement from October 1, 2020 to October 1, 2021 - SEC filing Source:http://bit.ly/2bJwtqc ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Philip Morris says Q2 adjusted earnings $1.15/ share
Tuesday, 19 Jul 2016 06:59am EDT 

Philip Morris International Inc : Q2 revenue $19 billion . Q2 revenue view $6.77 billion -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $1.15 . Q2 earnings per share view $1.20 -- Thomson Reuters I/B/E/S . Qtrly cigarette shipment volume of 209.3 billion units, down by 4.8 percent . Qtrly cigarette shipment volume was particularly impacted by declines in low-margin geographies . Revises 2016 full-year reported diluted EPS forecast for currency only to be in a range of $4.45 to $4.55, at prevailing exchange rates, versus $4.42 in 2015 . Full-year 2016 earnings per share view $4.47, revenue view $26.93 billion -- Thomson Reuters I/B/E/S . Sees full-year 2016 earnings per share $4.45 to $4.55 . Expect growth to be skewed towards second half of this year, and Q4 in particular . Revises 2016 full-year reported diluted EPS forecast for improved currency .Philip Morris International Inc says "Nevertheless, we remain fully on track to deliver our full-year guidance, revised today for improving currency".  Full Article

Philip Morris International comments on tribunal's decision in arbitration between PMI and Uruguay
Friday, 8 Jul 2016 04:01pm EDT 

Philip Morris International Inc : Comments on decision of ICSID tribunal in arbitration between PMI, Uruguay regarding 2 regulations Uruguay implemented in 2009 . PMI is no longer a party to any investment protection claims . Friday's outcome doesn't change status quo ."We reiterate our willingness to meet with representatives of Uruguayan government".  Full Article

Philip Morris International declares regular quarterly dividend of $1.02 per share
Thursday, 9 Jun 2016 04:20am EDT 

Philip Morris International Inc :Declares regular quarterly dividend of $1.02 per share.  Full Article

Philip Morris International comments on English Court's plain packaging decision
Thursday, 19 May 2016 08:23am EDT 

Philip Morris International Inc : Philip Morris International comments on English Court's plain packaging decision . "Disappointed but understand that English Court ultimately deferred to parliament's judgment about cigarette packaging" . "Despite important principles in one case, we've decided not to appeal" .To develop, commercialize scientifically substantiated reduced-risk products that we believe "will benefit" UK smokers, public health.  Full Article

Czech Philip Morris says Q1 revenue rises 9.3 percent
Tuesday, 17 May 2016 01:45am EDT 

Czech tobacco company Philip Morris CR : Says Q1 consolidated revenue, net of excise tax and VAT, CZK 2.53 billion ($105.96 million), up 9.3 percent y/y . Says rise mainly driven by favorable volume in the Czech Republic and Slovakia, as well as higher manufacturing services . Says shipments up 7.4 percent y/y . Says according to Nielsen research Philip Morris CR share in Czech market declined to 45.5 percent from 46.8 percent . Says total market in Czech Republic increased by an estimated 7.2 percent in first quarter . Company is an affiliate of Philip Morris International Further company coverage: [TABK.PR] ($1 = 23.8780 Czech crowns) ((jason.hovet@thomsonreuters.com;)).  Full Article

Philip Morris International issues EUR500 mln of 2.000% notes due 2036 - SEC filing
Monday, 9 May 2016 12:50pm EDT 

Philip Morris International Inc: Issued EUR 500 million aggregate principal amount of its 2.000% notes due 2036 - SEC filing .Notes will mature on May 9, 2036.  Full Article

Philip Morris International Inc - Adviser to top EU court says EU cigarette law is valid - Reuters
Tuesday, 22 Dec 2015 10:03pm EST 

Philip Morris International Inc:An adviser to Europe's highest court in Luxembourg on Wednesday said an EU law on cigarettes was valid, rebuffing a challenge from Philip Morris International PM.N, although the court still has to deliver a final ruling. - RTRS.In a majority of cases, opinions of the court advisers are reflected in the final ruling, which should follow in the coming months. - RTRS."(The advocate general) considers the EU tobacco directive of 2014 to be valid, in particular the extensive standardisation of packaging, the future EU-wide prohibition on menthol cigarettes and special rules for e-cigarettes are lawful," the opinion said. - RTRS.Marlboro cigarette maker Philip Morris International is seeking to challenge Europe's new laws on tobacco products, the latest clash between Big Tobacco and governments seeking tighter regulation.- RTRS.  Full Article

Philip Morris International Inc declares regular quarterly dividend
Wednesday, 9 Dec 2015 09:11am EST 

Philip Morris International Inc:Declares regular quarterly dividend of $1.02 per share.  Full Article

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BRIEF-Altria "pleased" U.S. FDA filed Philip Morris' MRTP application for electronically-heated tobacco product

* Altria's statement on FDA'S filing of Philip Morris International's modified risk tobacco product application