Philip Morris Stock Hits All-Time High on Demand for Smoke-Free Options
1. Philip Morris beat Q4 profit and sales estimates, driven by smoke-free product demand. 2. Sales of smoke-free products rose 9% to $3.9 billion, guiding positive future outlook. 3. Shares reached an all-time high post-results, reflecting strong investor confidence. 4. CEO stated strong momentum across all product categories, boosting shareholder value. 5. The company expects full-year EPS guidance of $7.04 to $7.17.