Philip Morris International (PM) Tops Q4 EPS by 8c, FY19 Guidance Tops Consensus

Philip Morris International (NYSE: PM) reported Q4 EPS of $1.25, $0.08 better than the analyst estimate of $1.17. Revenue for the quarter came in at $7.5 billion versus the consensus estimate of $7.38 billion.

GUIDANCE:

Philip Morris International sees FY2019 EPS of at least $5.37, versus the consensus of $5.29.

• Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.14 per share, this forecast represents a projected increase of at least 8.0% versus adjusted diluted earnings per share of $5.10 in 2018, as detailed in the attached Schedule 2.

For earnings history and earnings-related data on Philip Morris International (PM) click here.

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