Philip Morris International Inc. reported better-than expected profit, as sales of Zyn nicotine pouches rose more than 25% last year.

Philip Morris International posted higher-than-expected revenue in its fourth quarter as its Zyn nicotine pouches continued to power results.

Philip Morris reported adjusted earnings of $1.55 per share in its fourth quarter ended Dec. 31, topping analysts' expectations of $1.50 per share, as per data compiled by LSEG. For the fourth quarter, its net sales rose 7.3% to $9.71 billion, compared with estimates of $9.44 billion.