Shares of Philip Morris Int'l (PM) Tumble Following Downside Guidance
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Price: $190.05 -0.09%
EPS Growth %: +1.8%
Financial Fact:
Operating income: 2.98B
Today's EPS Names:
OCCI, ALZN, ASPU, More
EPS Growth %: +1.8%
Financial Fact:
Operating income: 2.98B
Today's EPS Names:
OCCI, ALZN, ASPU, More
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Shares of Philip Morris International (NYSE: PM) have dropped sharply intraday on a Q4 earnings beat, but concerning FY09 outlook. Philip Morris International sees FY09 EPS of $2.85-$3.00, which is well below the Street's current consensus estimate of $3.43.
Notably, shares of Philip Morris International actually started in the positive territory, but as the Q4 results hit the wires, traders began selling the stock aggressively. The stock was down as much as 7%, but value buyers have since stepped in, and the stock is now down just 4.5%, most recently trading around $36.60.
Notably, shares of Philip Morris International actually started in the positive territory, but as the Q4 results hit the wires, traders began selling the stock aggressively. The stock was down as much as 7%, but value buyers have since stepped in, and the stock is now down just 4.5%, most recently trading around $36.60.
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