Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 58.12

+0.3%

Dec 8 3:59 PM EST

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To: mugicha who wrote (4052)	6/28/1999 8:31:00 PM
From: Theo Karantsalis	of 6439

Philip Morris (MO:NYSE) told analysts at a New York meeting that volume and profits from its international tobacco business will not meet full-year expectations. Second-quarter volume is expected to drop 6% and full-year volume is expected to drop 4%. The company cited the impact of duty-free sales and a weak euro. The company said it sees full-year earnings at $3.30 a share, 2 cents below the 12-analyst First Call forecast but above the year-ago $3.17. From The Street.com

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