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Philip Morris (PM) shares strengthened against the trend during intraday trading, closing up 2.4%. That performance was especially impressive amid broad pressure on the consumer staples sector.
The company’s reported second-quarter adjusted earnings per share and revenue both beat Wall Street’s consensus expectations.
Net revenue from smoke-free products (such as IQOS) rose significantly by more than 11%~14%. The better-than-expected performance of high-margin new businesses substantially boosted the market’s overall profit outlook.
$PM
#GOOGL财报亮眼但盘后跌超3%