Midway through trading Tuesday, the Dow traded up 1.54% to 34,486.30 while the NASDAQ rose 1.04% to 14,424.02. The S&P also rose, gaining 1.35% to 4,316.02.
Philip Morris International Inc. (NYSE: PM) shares are trading lower after the company reported worse-than-expected Q2 sales.
The company reported second-quarter sales results of $7.59 billion, which missed the $7.67 billion analysts estimate.
Following the market opening Tuesday, the Dow traded up 1.32% to 34,409.28 while the NASDAQ rose 0.48% to 14,343.85. The S&P also rose, gaining 0.91% to 4,297.39.
Philip Morris International Inc (NYSE:PM) reported second-quarter FY21 net revenue growth of 14.2% year-on-year to $7.59 billion and adjusted net revenues…
Shares of Philip Morris Intl (NYSE:PM) rose 0.6% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 21.71% year over year to $1.57, which beat the estimate of $1.55.
Companies Reporting Before The Bell
• Signature Bank (NASDAQ:SBNY) is likely to report quarterly earnings at $3.14 per share on revenue of $466.52 million.
Philip Morris Intl (NYSE:PM) unveils its next round of earnings this Tuesday, July 20. Get prepared with Benzinga's ultimate preview for Philip Morris Intl's Q2 earnings.
Shares of Philip Morris Intl (NYSE:PM) increased by 5.65% in the past three months. Before having a look at the importance of debt, let us look at how much debt Philip Morris Intl has.