During Wednesday’s Morning trade, Shares of Philip Morris International Inc. (NYSE:PM), gained 0.62% to $84.36.
Philip Morris International Inc., Chief Financial Officer, Jacek Olczak, addresses investors at the Morgan Stanley Global Consumer & Retail Conference in New York.
The presentation and Q&A session are being webcast live at www.pmi.com/webcasts in a listen-only mode, startning at about 10:40 a.m. Eastern Time. The audio webcast may also be accessed on iOS or Android devices by downloading PMI’s free Investor Relations Mobile Application at www.pmi.com/irapp. An archived copy of the webcast, together with slides, will be available on the same site. Highlights of the presentation comprise:
- PMI reaffirms its 2015 full-year stated diluted EPS forecast to be in a range of $4.35 to $4.40, at prevailing exchange rates, as compared to $4.76 in 2014. Not Taking Into Account an unfavorable currency impact, at prevailing exchange rates, of about $1.22 per share for the full-year 2015, and the impact of the 2015 tax items of $0.01 per share recorded in the third quarter, PMI anticipates that its diluted EPS growth rate will be toward the upper end of its projected range of 11% to 12% as compared to adjusted diluted earnings per share of $5.02 in 2014.
- As formerly communicated, this forecast comprises incremental spending in 2015 as compared to 2014 in support of PMI’s Reduced-Risk Product, iQOS, counting accelerated spending behind planned national expansions and city launches in 2015 and 2016, and to further reinforce the favorable momentum of its cigarette brand portfolio. This forecast does not comprise any share repurchases in 2015;
- PMI declares additional city launches in 2015 of its Reduced-Risk Product, iQOS, in Lisbon, Portugal, Bucharest, Romania and Moscow, Russia;
- PMI anticipates that, for the full year 2015, total international industry cigarette volume, not taking into account China and the U.S., will decline by about 2.5%;
- PMI anticipates to generate a free cash flow in 2015 broadly in line with 2014;
- At prevailing exchange rates applied to PMI’s anticipated full-year 2015 financial results, PMI estimates a full-year unfavorable currency impact in 2016 of about $0.27 per share; and
- PMI will provide its 2016 full-year stated diluted EPS forecast in February 2016.
The presentation, related negotiation and this release contain statements that, to the extent they do not relate strictly to historical or current facts, constitute “forward-looking statements” within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates and expectations, and are not guarantees of future performance. They are based on administration’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White.
Shares of AerCap Holdings N.V. (NYSE:AER), inclined 2.48% to $42.59, during its current trading session.
AerCap Holdings N.V., declared it has filed an interim financial report counting its unaudited condensed merged financial statements and notes for the nine months ended September 30, 2015 with the U.S. Securities and Exchange Commission (the “SEC”). AerCap`s Form 6-K can be accessed on the Investor Relations page of the Company`s website at www.aercap.com, in addition to on the SEC`s website at www.sec.gov.
AerCap will no longer voluntarily file annual reports on form 10-K or quarterly reports on form 10-Q for its 100%-owned partner AerCap Global Aviation Trust (“AGAT”). Holders of public debt securities issued by AGAT, all of which are guaranteed by AerCap, may refer to the filings of AerCap Holdings N.V.
AerCap Holdings N.V., an independent aircraft leasing company, engages in the leasing, financing, sale, and administration of commercial aircraft and engines. The company provides aircraft asset administration and corporate services, counting remarketing aircraft; collecting rental and maintenance payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
Finally, Shares of Boeing Co (NYSE:BA), gained 0.72%, and is now trading at $147.13.
Boeing, delivered two 747-8 Freighters to Air Bridge Cargo Airlines (ABC), part of Volga-Dnepr Group, and one of the leading international planned air cargo carriers.
The airplanes are the first to be delivered as part a memorandum of understanding, signed between Boeing and Volga-Dnepr Group at the Paris Air Show in June 2015. The deal calls for more 747-8 Freighters to continue to assist ABC provide some of the best cargo carrying service in the world. The agreement also adds the Antonov-124-100 aircraft to the long-term logistics support for Boeing and its partners.
“For Volga Dnepr Group, adding more new generation 747-8 Freighters will allow to secure further development of the Group’s planned business, Air Bridge Cargo Airlines, and keep the airline’s high growth rates,” said Denis Ilin, executive president for Air Bridge Cargo Airlines. “This is a celebration of successful partnership with Boeing, which will enable the airline to continue providing its customers with the exceptional air cargo services they are used to.”
The Boeing Company, together with its auxiliaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.