Philip Morris Says Wars Disrupted Business, Clouding Earnings Outlook
Management said ongoing conflicts in Ukraine and the Middle East have increasingly affected the business. The report says the company posted a strong third quarter, but tensions cloud its outlook.
By Mariapaula GonzalezOn paper, Philip Morris had a stellar third quarter. But under the surface, global tensions in both the Ukraine and Middle East have had a growing impact on its business — and investors don't seem too happy.Management said Wednesday that while the ongoing conflict in the Middl…