Philip Morris holds steady during lull in volume

NEW YORK, N.Y. – Philip Morris International reported flat third-quarter earnings, which was a better performance than Wall Street had expected during a lull in shipment volume.

The seller of Marlboro and other cigarette brands outside of the U.S. earned $1.94 billion, or $1.25 per share, for the period ended Sept. 30, or 2 cents better than expected, according to analysts surveyed by Zacks Investment Research.

Shares rose $1.09 to $96.60 before the markets opened Tuesday.

Revenue,...

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