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Philip Morris misses Q3 profit forecasts

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Philip Morris International Inc. reported third-quarter net income of $1.97 billion, or $1.27 per share.

The seller of Marlboro and other cigarette brands fell short of analysts' expectations. They were looking for $1.39 per share.

Philip Morris shares have climbed 23 percent since the beginning of the year.

Read more from The Associated Press.

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