Philip Morris (PM) Tops Q1 EPS by 10c; Issues Solid Outlook

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Go back to Philip Morris (PM) Tops Q1 EPS by 10c; Issues Solid Outlook

Philip Morris International Inc. (PMI) Reports 2018 First-Quarter Results; Increases, Primarily to Reflect a Lower Effective Tax Rate, 2018 Full-Year Reported Diluted EPS

April 19, 2018 6:59 AM EDT

Reflecting Currency-Neutral Growth of Approximately 8% to 11% vs. 2017 Adjusted Diluted EPS of $4.72

NEW YORK--(BUSINESS WIRE)-- Regulatory News:

2018 First-Quarter

Reported diluted earnings per share of $1.00, down by $0.02 or 2.0% versus $1.02 in 2017 Adjusted diluted earnings per share of $1.00, up by $0.02 or 2.0% versus $0.98 in 2017 Excluding favorable currency of $0.03, adjusted diluted earnings per share down by $0.01 or 1.0% versus $0.98 in 2017 as detailed in the attached Schedule 2 Cigarette and heated tobacco unit shipment volume of 173.8 billion, down by 2.3%, or by 1.1% excluding the net impact of total estimated inventory movements, reflecting:... More