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Philip Morris Intl (NYSE: PM ) released second-quarter financial results and hosted an earnings call on Wednesday. Read the complete transcript below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. View the webcast at Summary Philip Morris Intl repor
The past month has reminded us that international investing is never simply a matter of finding a cheap stock market and waiting for investors to notice. Politics, energy, trade policy, currencies, and interest rates all affect corporate earnings. The Middle East conflict has made that especially clear as it has disrup
Income investors have spent much of the past month dealing with a market that refuses to make life simple. Equities remain resilient, but they are also increasingly concentrated in a handful of large technology companies. Credit markets remain open and broadly functional, but the easy money has been made in many of the
The Easy Income portfolio is doing exactly what we built it to do. It is collecting a substantial amount of cash from a diversified group of investments that do not all depend on the same economic outcome, the same interest-rate forecast or the same direction for the stock market. Based on the current portfolio spreads