Philip Morris (PM) gains after beating Street

Shares of Philip Morris International Inc. PM hiked 3.5% to $85.53, after the cigarette purveyor posted second-quarter results that beat Wall Street expectations. Earnings grew to $1.89 billion, or $1.21 a share, from $1.85 billion, or $1.17 a share, in the same period a year ago. Share volume was one million, compared to an all-day average of 1.3 million