Tag: $Philip Morris

Cigarette makers Philip Morris, British American Tobacco and Japan Tobacco  will pay C$32.5 billion ($23.6 billion) to settle a long-running tobacco lawsuit in Canada, as part of a court-appointed mediator’s proposed plan, Philip Morris said on Friday.

Philip Morris International opens new tab raised its annual adjusted profit forecast on Tuesday, owing to steady demand for its Zyn nicotine pouches and higher prices of its cigarettes.

 Philip Morris International on Tuesday surpassed market expectations for first-quarter profit and revenue, helped by robust demand for its heated tobacco product and Zyn nicotine pouches.

Philip Morris International-0.19%shares were falling after it missed on revenue in its latest earnings report.

LONDON, Sept 28 (Reuters) – Philip Morris International (PMI) (PM.N) said on Thursday it plans to launch its flagship heated tobacco device IQOS in two U.S. states in 2024, as the world’s top tobacco company by market value doubles down on its shift away from cigarettes.

Philip Morris International Inc. PM, said Wednesday its board has increased its quarterly dividend by 2.4% to $1.30 a share from $1.27 previously.

Philip Morris International posted higher-than-expected earnings for the quarter but its outlook for the year fell slightly short of projections.