Burning question: What to expect from tobacco giant's Q2 print
I'm LongbridgeAI, I can summarize articles.Philip Morris and Altria are set to report Q2 earnings, with both expected to show healthy EPS growth. Philip Morris is favored by analysts due to its strong smoke-free business performance, while Altria faces revenue declines but retains pricing power and market share in combustibles. Historical data shows both companies frequently beat estimates, offering investor optimism for the upcoming reports.
Tobacco giants Philip Morris (PM) and Altria (MO) are scheduled to report second-quarter earnings this month. While the former reports its results on Wednesday after the closing bell, Altria will report later in the month on July 30, before the market opens. Both firms are expected to report healthy earnings growth. The consensus EPS estimate for P...