Philip Morris shares jump as new tobacco products gain momentum overseas ahead of US regulatory decision
Publishing timestamp: 2018-10-18 17:35:31
Summary
PMI beats third-quarter earnings and revenue estimates, focusing on iQOS device that heats tobacco instead of burning it. Company awaiting FDA decision on selling devices in the U.S. Shares up 3.5% after earnings report, plans to launch new iQOS products in Japan and Korea. PMI sees success in reduced-risk products strategy.
Sentiment: POSITIVE
Keywords: beverage and tobacco products manufacturing, centers for disease control and prevention, altria group inc, u.s. food and drug administration, health care industry, earnings, business, food, philip morris international inc, business news, health,
Source: https://www.cnbc.com/2018/10/18/philip-morris-international-q3-earnings-2018-iqos.html