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Today: April 05, 2025
Today: April 05, 2025

Philip Morris tops quarterly profit on higher pricing, steady demand

FILE PHOTO: Illustration shows Philip Morris International logo
April 26, 2024
Reuters - Reuters

(Reuters) - Philip Morris International on Thursday beat Wall Street expectations for quarterly profit, boosted by a let up in soaring costs of tobacco and labor, and robust demand for its heated tobacco products.

The company reported third quarter adjusted profit of $1.67 per share. Analysts on average had expected a profit of $1.61 per share, according to LSEG data.

(Reporting by Juveria Tabassum and Emma Rumney; editing by Milla Nissi)

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