Shares of Philip Morris International Inc. (PM) moved higher on Wednesday morning after earnings declined.
The stock is currently trading at $162.79, up $9.54 or 6.23%, on the NYSE. It opened at $157.85 after closing the previous session at $153.25. The stock has traded between $142.11 and $191.30 over the past 52 weeks.
Philip Morris reported first-quarter net income of $2.438 billion, or $1.56 per share, down from $2.690 billion, or $1.72 per share, last year. Revenue increased 9.1% to $10.146 billion from $9.301 billion.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.