🔴 Philip Morris International is trading 4.8% down today on cautious near-term guidance and one-time charges

Philip Morris International is trading 4.8% down at $181.82 after its second-quarter earnings report paired record results with a softer near-term outlook and one-time charges.

• The company posted record revenue of $11.2 billion and adjusted EPS of $2.20, beating analyst expectations for the quarter.
• Management’s cautious guidance and broader market risk-off sentiment, with major indices down around 1%, have pressured the stock into after-hours trading.