Philip Morris lifts profit outlook on smoke-free growth, but underwhelms in Q4 (PM:NYSE)

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Philip Morris International (PM) adjusted its profit outlook upwards for the future thanks to strong growth in its smoke-free product segment, which now constitutes almost half of its total sales. Despite this positive long-term outlook, the company’s Q4 results were weaker than expected, leading to early share pressure. The company is targeting significant annual growth in net revenue, operating income, and adjusted EPS over the next three years, driven by its smoke-free offerings and strong performance of Marlboro.

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