Philip Morris Lowers 2026 Earnings Guidance, Shares Dip
Philip Morris International (PM) has revised its full-year adjusted and reported earnings-per-share guidance for fiscal 2026 due to an expected impairment charge related to Rothmans, Benson & Hedges and currency headwinds. The company anticipates a $500 million non-cash impairment in Q2 that will reduce diluted EPS by approximately 33 cents.
Tickers: $PM