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Philip Morris International Cuts Guidance for Second Time This Year

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Linked by The Dividend Daily ( track newsfeed | ignore newsfeed ) - June 21, 08:42AM from (www.dividend.com)

Tobacco giant Philip Morris International Inc. (PM) on Thursday lowered its full-year earnings outlook for the second time, citing unfavorable currency fluctuations. The New York-based company, which sells its cigarettes in non-U.S. markets, said it now expects full-year earnings to range from $5.10 to $5.20 per share. Back in April, PM had lowered its guidance ...

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