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Fly News Breaks for January 31, 2020
PM
Jan 31, 2020 | 06:32 EDT
Citi analyst Adam Spielman opened a "Negative Catalyst Watch" on shares of Philip Morris International into next week's Q4 results and guidance. The analyst expects the company to guide to "significantly slower" organic sales and earnings growth in 2020, due mainly to the absence of 2019's easy comp in Japan and a slowdown in Indonesia. In addition, the analyst thinks there is a good chance Philip Morris cuts its 2021 volume target for iQos. He keeps a Neutral rating on the shares with a $90 price target.
News For PM From the Last 2 Days
PM
Oct 20, 2020 | 16:23 EDT
Stocks were slightly higher at midday as investors awaited word on whether Democrats and Republicans can broker a truce and enact more stimulus legislation ahead of the upcoming presidential election. House Speaker Nancy... To see the rest of the story go to thefly.com. See Story Here
PM
Oct 20, 2020 | 12:01 EDT
Stocks are slightly higher at midday as investors await word on whether Democrats and Republicans can broker a truce and enact more stimulus legislation ahead of the upcoming presidential election. House Speaker Nancy... To see the rest of the story go to thefly.com. See Story Here
PM
Oct 20, 2020 | 09:01 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Cara... To see the rest of the story go to thefly.com. See Story Here
PM
Oct 20, 2020 | 07:03 EDT
Reports Q3 revenue $7.45B, consensus $7.28B. Net revenues, excluding unfavorable currency, decreased by 1.5%, mainly reflecting: unfavorable volume/mix, primarily due to lower cigarette volume, mainly in Indonesia, Japan and PMI Duty Free, partially offset by higher heated tobacco unit volume, notably in the EU, Japan, Russia and Ukraine, partly offset by PMI Duty Free; partially offset by a favorable pricing variance. Cigarette and heated tobacco unit shipment volume was down by 7.6%, reflecting cigarette shipment volume down by 9.8%, and heated tobacco unit shipment volume up by 18.7% to 19.0 billion units. Market share for heated tobacco units in IQOS markets, excluding the U.S., up by 1.5 points to 6.0%. Reports total IQOS users at quarter-end estimated at approximately 16.4M, of which approximately 11.7M have stopped smoking and switched to IQOS.