Tobacco company Philip Morris International (NYSE:PM) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 5.8% year on year to $9.3 billion. Its non-GAAP profit of $1.70 per share was 5.1% above analysts’ consensus estimates.
Risk-on sentiment dominated Wall Street on Wednesday, as upbeat earnings reports and conciliatory messages from the Trump administration helped lift investor confidence.
Philip Morris International (NYSE: PM) shares climb after Q1 FY25 results beat expectations. Revenue rose 5.8% to $9.30 billion, with adjusted EPS of $1.69 topping the $1.61 forecast. Smoke-free products drove 42% of total sales.
Tobacco company Philip Morris International (NYSE:PM) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 5.8% year on year to $9.30 billion. Its non-GAAP profit of $1.69 per share was 4.8% above analysts’ consensus estimates.
U.S. stock futures continued rising on Wednesday after a day of strong recovery on Tuesday. Futures of major benchmark indices were higher in premarket.
U.S. stock futures edged higher Tuesday night after President Donald Trump told reporters in the Oval Office he had "no intention" of firing Federal Reserve Chair Jerome Powell, adding that he "never did."
