Philip Morris International Inc. on Thursday lifted and narrowed its outlook for 2016 earnings at a two-day investor meeting in Lausanne, Switzerland. The cigarette maker narrowed its forecasts to include the impact of currency moves, projecting 2016 full-year reported diluted earnings per share in a range of $4.53 to $4.58 from a previous range of $4.45 to $4.55. Shares were unchanged in early premarket trading.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News