On Thursday, tobacco giant Philip Morris International released its quarterly earnings report, revealing the company missed Wall Street’s revenue expectations.
Philip Morris pulled in $9.14 billion in revenue Q3, down from analysts’ $9.17 billion predictions.
However, the company outpaced earnings expectations, bringing in $1.67 per share in earnings compared to the $1.62 per share estimated by Wall Street.
Philip Morris also reportedly saw a surge in sales for its electronic cigarettes and nicotine patches.
