Will Philip Morris’s 1Q18 Earnings Boost Its Stock Price?

Philip Morris International (PM), an American tobacco company, is scheduled to announce its 1Q18 earnings before the market opens on April 19, 2018. In 4Q17, Philip Morris posted adjusted EPS (earnings per share) of $1.31 on revenues of $8.29 billion. The increase of 3.8% in total shipment volume, growth in RRP (reduced risk products) sales, and better-than-expected revenue in 4Q17 appear to have increased investors’ confidence, leading to a rise in the company’s stock price.