Philip Morris International (PMI) Tops Q2 EPS by 3c, Raises FY Outlook

July 23, 2008 7:06 AM EDT Send to a Friend
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Philip Morris International Inc. (NYSE: PM) reports Q2 EPS of $0.86, 3 cents better than estimates. Revenues were $6.71 billion vs. $6.58 billion consensus.

PM raises its forecast for adjusted diluted earnings per share, reflecting strong business momentum and favorable currency, to a range of $3.32 to $3.38 for the full-year 2008. This compares to a previously disclosed range of $3.18 to $3.24 for the full-year 2008. (Current FY EPS consensus is $3.25)

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