Philip Morris Outperformed Altria’s Revenue Growth in 4Q17
In 4Q17, Philip Morris International (PM) posted net revenue of $8.3 billion, which represents growth of 19% from $7 billion in 4Q16. Growth was driven by an increase in total shipment volume of 3.8% and favorable pricing. Philip Morris had a strong performance in the European Union, Asia, Latin America, and Canada.