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Where Will Philip Morris International Stock Be in 1 Year?

TheMotleyFool

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Where Will Philip Morris International Stock Be in 1 Year?: https://g.foolcdn.com/editorial/images/720258/person-smoke-cigarette.jpg

Philip Morris International (NYSE: PM) posted its fourth-quarter earnings report on Feb. 9. The tobacco giant's revenue rose by 0.6% year over year to $8.15 billion but beat analysts' expectations by $610 million. Its adjusted EPS grew 1.5% to $1.39 and cleared the consensus forecast by $0.11.

Those growth rates seem anemic, but most investors likely own PMI for its stability and dividends instead of aggressive gains. That's why its shares held up fairly well over the past 12 months, when they dipped less than 2% against the S&P 500's decline of nearly 10%. But will PMI continue to outperform the market through the end of 2023?

Image source: Getty Images.

Source Fool.com

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