Summary
Earnings season is set to pick up steam in the coming weeks.
Philip Morris International's (PM) stock has plunged this year, amid signs of slowing growth.
PM has been focusing on more innovative products, amid rising cigarette costs and a shrinking population of smokers in certain parts of its international operations.
Market participants are likely eagerly awaiting the slew of upcoming corporate earnings results as the season draws closer, if only for a potential respite from global trade-related headlines.
Among the long list of names, Philip Morris International (NYSE:PM) is slated to unveil its Q2’18 results on Thursday, July 19.
While PM’s organic revenues grew more than 8% in Q1’18 from the prior year, its cautious sentiment regarding the growth prospects of its next-generation products (NGPs) has partly been to blame for the company’s recent stock price plunge.
Shares of the tobacco manufacturer have plummeted nearly 21% since January 2, and slumped more than 4.75% over the course of Q1.
