Philip Morris Narrows Forecast For 2016 Earnings

By Markets MarketWatch Pulse

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.

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