Explore Philip Morris International Inc's Q1 FY24 performance: 9.7% sales surge to $8.793 billion, surpassing analyst predictions. Notably, smoke-free products contributed significantly, comprising 39% of total net revenues. Despite a modest 3.1% growth in cigarette and Heated Tobacco unit shipments, revenue from smoke-free items soared by 21.1% to $3.4 billion.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Companies Reporting Before The Bell
• Ares Management (NYSE:ARES) is expected to report quarterly earnings at $1.09 per share on revenue of $864.54 million.