Philip Morris: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 07:12 AM ET
Last Updated - Apr 23, 2024, 07:12 AM EDT
STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Philip Morris International Inc. (PM) on Tuesday reported first-quarter net income of $2.15 billion.
The Stamford, Connecticut-based company said it had profit of $1.38 per share. Earnings, adjusted for one-time gains and costs, were $1.50 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
Philip Morris expects full-year earnings in the range of $6.19 to $6.31 per share.
