Philip Morris said Monday that it plans to take a pretax charge of $194 million in the first quarter due to the ruling. Photo: Daniel Acker/Bloomberg News 2 Comments By Micah Maidenberg Micah Maidenberg The Wall Street Journal Biography @MicahMaidenberg micah.maidenberg@wsj.com March 4, 2019 12:29 p.m. ET
Philip Morris International Inc. cut its profit outlook for the year and expects lower pretax earnings in the first quarter after a subsidiary and other tobacco companies lost a major legal appeal in Canada.
Last week, the Court of Appeal of Quebec issued a judgment in two class action lawsuits in which