Philip Morris Stock Surges to All-Time High on Better-Than-Expected Earnings, Outlook
Philip Morris International shares climbed to a record high Tuesday after the maker of Marlboro cigarettes, ZYN nicotine pouches, and IQOS heated tobacco devices reported better-than-expected quarterly results and raised its outlook.
Philip Morris Q3 Profit, Revenue Rise; Ups Annual Outlook Above View
Revenue for the quarter grew 8.4 percent to $9.911 billion from $9.141 billion in the previous year. The consensus estimate was for $9.69 billion. Looking ahead, the company now sees full-year EPS in the range of $6.
Philip Morris: Q3 Earnings Snapshot
The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share. Philip Morris expects full-year earnings in the range of $6.45 to $6.51 per share. This story was generated by Automated Insights ( using data from Zacks Investment Research.
Philip Morris Stock Rises After Earnings Beat. The Smoke-Free Focus Is Working.
Shares of Philip Morris International were rising sharply after the cigarette maker easily beat quarterly estimates and boosted guidance.For its third quarter, the company reported adjusted earnings of $1.
Philip Morris (PM) Q3 Earnings and Revenues Beat Estimates
Philip Morris (PM) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.67 per share a year ago. These figures are adjusted for non-recurring items.
Key takeaways from Philip Morris International's earning report
Philip Morris International (PM) beats Q3 earnings estimates, driven by strong performance in smoke-free products.
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