Philip Morris (PM) Stock Surges as Forecast Raised Again – Smoke-Free Push Ignites Rally

Philip Morris International’s stock got a fresh jolt after the company announced better-than-expected third-quarter results and lifted its full-year outlook yet again. Adjusted Q3 earnings came in at $2.24 per share, handily beating analyst estimates of about $2.09reuters.com. The earnings beat – coupled with management’s third upward profit forecast revision of 2025 – signaled strong business momentum. In response, PM shares climbed ~4–5% in pre-market trading on October 21ts2.tech, and by midday the stock was hovering around the upper-$150s per share. This continues a strong 2025 run for PMI stock, which has returned roughly 30% year-to-datesimplywall.st. Investors cheered the news that Philip Morris now expects full-year adjusted earnings of $7.46 to $7.56 per share, slightly above its prior guidance and ahead of analyst consensusreuters.com. The repeated forecast hikes underscore management’s confidence as 2025 winds down.