ALB Limited 10.01.2023

High Hopes for Philip Morris


Shares of the seller of Marlboro and other cigarette brands were down 2.19% last month. This was narrower than the Consumer Staples industry's loss of 2.84% at the time and the S&P 500's 5.57% loss. Investors will be hoping to draw strength from Philip Morris as we approach the next earnings release. Analysts expect Philip Morris to earn $1.30 per share. This would mark a 3.7% year-over-year decline. Estimates project net sales of $7.45 billion, down 8.06%.


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