Philip Morris Dips After Cut in Annual Profit Forecast

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Philip Morris Dips After Cut in Annual Profit Forecast

Reuters04-23

** Shares of Philip Morris down ~1% at $93.09 premarket

** Tobacco firm cuts FY EPS view to $6.19-$6.31, from $6.32-$6.44

** However, PM beats Q1 profit and rev estimates on strong demand for its heated tobacco product and Zyn nicotine pouches

** In 2023, stock fell nearly 7%

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