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Philip Morris International (NYSE: PM) Stock Still a Good Buy Despite Weak Earnings
Philip Morris (NYSE: PM) stock fell marginally on an earnings release that revealed slowing sales for the third quarter.
Sales fell 0.9%, and earnings per share were down more than 4%. This and the flat returns of the stock may deter some investors from buying PM.
But those investors would miss out on this profit play that the tobacco giant offers...
Philip Morris (NYSE: PM) stock fell marginally on an earnings release that revealed slowing sales for the third quarter.
Sales fell 0.9%, and earnings per share were down more than 4%. This and the flat returns of the stock may deter some investors from buying PM.
But those investors would miss out on this profit play that the tobacco giant offers...