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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Philip Morris Q4 forecasts disappoint, shares indicate lower

Philip Morris International shares indicated lower after the Marlboro maker’s outlook disappointed.

Video poster image

IGTV's Angeline Ong looks at why it’s not just costs, but also demand for the tobacco giant’s smoking alternatives that have unnerved investors.

(AI Video Summary)

Philip Morris Q1 profits expected lower

Philip Morris, a company that makes tobacco and other products, recently announced that its profits for the first quarter are expected to be lower than expected because costs are going up. One of the reasons for this is that the sales of their heated tobacco products have been disappointing. Last quarter, the company also faced challenges because they had to spend more money on marketing, dealing with tobacco use, and administrative expenses.

Stocks showing volatility

On the IG platform, where people can trade stocks, the stock for Philip Morris has been going up and down a lot, which suggests there could be even more ups and downs in the future. Some people describe the company's performance as a "crazy rollercoaster ride," and experts think the stock might continue to go up and down a lot.

One reason for this is that three different lines on the stock chart are getting closer together, which could mean that there will be more people trading their stock.

Overall, Philip Morris is having financial problems in the first quarter because they are making less money than expected and their heated tobacco products aren't doing well. They are also spending more money on marketing, dealing with tobacco use, and administrative expenses. People who have invested in the company's stock should be ready for the price to go up and down a lot, because it has been doing that recently and there are signs it will continue to do so.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

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