Philip Morris Soars as Sales Volume Jump Fuels Profit Gains

April 16, 2015 8:58 PM

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Philip Morris International Inc., the world’s largest publicly traded tobacco company, rose the most in more than six years after first-quarter profit beat estimates and the maker of Marlboro cigarettes boosted its forecast.

Excluding some items, profit was $1.16 a share last quarter, Philip Morris said in a statement Thursday. Analysts had estimated $1.01 on average, according to data compiled by Bloomberg. Philip Morris also increased its annual forecast to as much as $4.42 a share, compared with a previous projection...

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