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flag Philip Morris International's stock drops despite earnings beat, due to projected declines in cigarette sales.

flag Despite strong second-quarter earnings and increased EPS guidance, Philip Morris International's shares fell due to projected declines in traditional cigarette sales volumes. flag However, the company's alternative nicotine products, particularly the Zyn brand and Iqos system, showed significant growth, with Zyn shipments increasing 40% in the U.S. to 190 million cans in Q2. flag The company maintained its full-year revenue guidance and adjusted EPS forecast, with the stock up about 36% year-to-date.

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