© Reuters. FILE PHOTO: A woman poses with a cigarette in front of Philip Morris International logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – Marlboro maker Philip Morris International Inc (NYSE:) cut its full-year profit forecast on Thursday hit by rising tobacco leaf prices, energy and labor costs, which have squeezed the company’s profit margins.
The company sees adjusted full-year profit per share of $6.10 to $6.22, down from its previous forecast of $6.25 to $6.37.