Page 16 - Andre Calantzopoulos News Today

Cannabis stocks traded mostly in the green this week, as we got into earnings season. “While there were a lot of companies reporting earnings, like Turning Point Brands who gave guidance of $422 million for 2021, I thought the biggest piece of data came from Pennsylvania ,” Debra Borchardt, editor-in-chief of Green Market Report, told Benzinga. “The state reported that in one year it had sold over $900 million in medical marijuana. This demonstrates the demand for cannabis in this state a...

Philip Morris Ponders Joining Booming Cannabis Space may join other cigarette producers that have already jumped into the cannabis industry. What Happened Marlboro is analyzing key components of the industry, such as the “toxicity of cannabis, efficacy and differences between pharmaceutical and consumer options,” reported Bloomberg News. CEO Andre Calantzopoulos said the company is assessing the industry in detail because the market is still green and continues to face numerous regulation...

Adjusted earnings came to $1.57 a share, exceeding the FactSet consensus of $1.40.  Revenue totaled $7.59 billion, up 6% from a year ago, and ahead of FactSets call for $7.27 billion.  The performance was driven by continued strength of IQOS, the companys smokeless products, CEO Andre Calantzopoulos said in a statement. Philip Morris raised its full-year guidance to a range of $5.95 to $6.05 per share, while the FactSet consensus calls for $5.96. Heated tobacco unit shipments rose 29.9% ...

Operator Good day, and welcome to the Philip Morris International Fourth Quarter 2020 Year End Earnings Conference Call. [Operator Instructions] I would now turn the call over to Nicholas Rolli, Vice President and Investor Relations and Financial Communications. Please go ahead, sir. Nicholas Rolli -- Vice President, Investor Relations and Financial Communications You may access the release on www.pmi.com. A glossary of terms, including the definition for reduced risk products or RRPs as well ...

The American multinational reports £1.45 billion of net income. Philip Morris expects up to £4.39 per share of full-year adjusted EPS. Philip Morris International Inc. (NYSE: PM) reported its financial results for the fiscal fourth quarter on Thursday that topped analysts’ estimates for profit and revenue. The company said that demand for cigarettes remained under pressure in recent months but was offset by an increase in heated tobacco volume.   Philip Morris shares jumped close to 4% on ...

Philip Morris International Underscoring Critical Role of Science in a Smoke-Free Future, Philip Morris International Brings on Former Sanofi Exec as Chief Life Sciences Officer Tuesday, January 12, 2021 11:04AM IST (5:34AM GMT)   Lausanne, Switzerland:   Philip Morris International Inc. (PMI) (NYSE: PM) today announced the appointment of Jorge Insuasty to the position of Chief Life Sciences Officer, effective Jan. 15, 2021. Mr. Insu...

Firm has to find a new leader just 30 months after Camilleri succeeded Sergio Marchionne Published:  December 14, 2020 18:48 Bloomberg During his stint as CEO, Camilleri oversaw the transformation of Ferrari into a fully-fledged luxury brand. He revamped Ferraris lineup so it could keep boosting prices. Image Credit: AFP Ferrari has started to search for a new chief executive officer to resolve its second leadership crisis in as m...

Ferrari is facing its second leadership crisis in as many years after Chief Executive Officer Louis Camilleri abruptly resigned, complicating the Italian supercar makers transition towards electric mobility. Chairman John Elkann will take the role on an interim basis. He has to find a new leader just 30 months after picking Camilleri to succeed Sergio Marchionne, who died in July 2018 from complications after a surgery. Camilleri, 65, is leaving after he had to be hospitalised for covid-19. H...

Ferrari Faces New Leadership Crisis After CEO Abruptly Resigns Bloomberg 12/11/2020 Daniele Lepido and Tommaso Ebhardt (Bloomberg) -- Ferrari NV has started to search for a new chief executive officer to resolve its second leadership crisis in as many years after Louis Camilleri abruptly resigned, complicating the Italian supercar maker’s transition toward electric mobility. Ferrari has scheduled a board meeting next week to discuss the replacement process, according to peop...

Camilleri's decision came after the executive suffered health problems, which made it necessary to hospitalize him for COVID-19.