Latest News by Industry
STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Philip Morris International Inc. (PM) on Thursday reported second-quarter net income of $1.57 billion.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.01. Earnings, adjusted for asset impairment costs and non-recurring costs, came to $1.60 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
Philip Morris expects full-year earnings in the range of $6.13 to $6.22 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PM">Zacks stock report on PM at https://www.zacks.com/ap/PM