Philip Morris: Q2 Earnings Snapshot
By AP News
Published - Jul 20, 2023, 07:37 AM ET
Last Updated - Jul 20, 2023, 07:37 AM EDT
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.
