Thursday July 23, 07:11 PM
STOCKS NEWS US-Tobacco index rallies as companies raise outlooks
Stocks on the move Real (Frankfurt: BJU.F - news) -time Equity news
1352 ET 23July2009-Tobacco index rallies as companies raise outlooks
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The Dow Jones U.S. Tobacco index rallied on Thursday, after two
major tobacco companies reported second-quarter results that beat expectations
and raised their 2009 outlooks.
Philip Morris raised its full-year profit view to $3.10 to $3.20 a
share while Reynolds American (NYSE: RAI - news) lifted its view to $4.40 a share from
$4.60 a share.
For details, see
The index gained 4.5 percent to 287.09 while Philip Morris surged 6 percent
to $46.50 and Reynolds was up 2.2 percent to $42.09.
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