Why Philip Morris Stock Was Pulling Back Today

Shares of Philip Morris International (NYSE: PM) were sliding today after the tobacco company missed estimates on the bottom line in its fourth-quarter earnings report and offered guidance that also missed the mark.

As a result, the stock was down 2.6% at 1:44 p.m. Thursday after trading as far down as 3.4% earlier in the session.

Image source: Getty Images.

Continue reading


Source Fool.com