The tobacco giant Philip Morris International (NYSE: PM) has surged around 5% higher year to date while the S&P 500 index has fallen 17% so far this year. Philip Morris International reported an excellent first quarter, beating the analyst consensus for both net revenue and non-GAAP (adjusted) diluted earnings per share (EPS). The company recorded $7.7 billion in net revenue in the first quarter, which represents a 2.1% growth rate over the year-ago period.
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