Page 31 - Andre Calantzopoulos News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 and bodes well for any future adult-use legalization. This is also a big number when one considers th...

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 issues.  “We are doing all this work and will determine one day what avenues to pursue,” Calan...

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 FactSet's call for $7.27 billion.  The performance was driven by continued strength of IQOS, the company's 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% to 21.73 billion units, but Marlboro shipments slipped 9.4% to 53.68 billion units. Cigarette sh...

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 as adjustments and other calculations and reconciliations to the most directly comparable U.S. GAAP ...

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 market open on Thursday. The stock that has remained volatile in the past 12 months is now trading a...