Philip Morris Q1 adj EPS 1.96 usd vs 1.69
(Il Sole 24 Ore Radiocor) - Milano, 22 apr - Philip Morris International reported a profit of 1.56 dollars per share in the first quarter compared to 1.72 in the same period a year ago.
On an adjusted basis, earnings were 1.96 dollars per share, up from 1.69. Analysts expected 1.83 dollars per share.
Revenue in the period rose 9.1% to 10.15 billion dollars.
Analysts expected 9.91 billion dollars.
Sales in its smoke-free unit rose 12.4%, while the combustibles segment - which includes cigarettes - saw sales rise 6.7%.
The Connecticut-based company said it expected adjusted earnings per share for the full year at 8.36-8.51 dollars.
Analysts were projecting 8.38 dollars per share.
Revenue for the full year is expected to grow at 5-7% on an.
organic basis.
(RADIOCOR) 22-04-26 14:31:21 (0475) 5 NNNN