Philip Morris International Inc. Reports 2020 First-Quarter Reported Diluted EPS of $1.17 Versus $0.87 in 2019, Reflecting Currency-Neutral Like-for-Like Adjusted Diluted EPS Growth of 30.1%

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Go back to Philip Morris International Inc. Reports 2020 First-Quarter Reported Diluted EPS of $1.17 Versus $0.87 in 2019, Reflecting Currency-Neutral Like-for-Like Adjusted Diluted EPS Growth of 30.1%

Philip Morris International (PM) Tops Q1 EPS by 8c, Replaces FY20 Guidance with Lower Q2 Guidance

April 21, 2020 7:02 AM EDT

Philip Morris International (NYSE: PM) reported Q1 EPS of $1.21, $0.08 better than the analyst estimate of $1.13. Revenue for the quarter came in at $7.15 billion versus the consensus estimate of $6.81 billion.

GUIDANCE:

Philip Morris International sees Q2 2020 EPS of $1.00-$1.10, versus the consensus of $1.40.

Given the inherent uncertainty surrounding the COVID-19 pandemic and the related impact on PMI's business globally, the company is currently unable to forecast its full-year financial results with reasonable accuracy. PMI is therefore withdrawing its 2020 reported diluted EPS forecast of at least $5.50, originally provided on February 6, 2020.The... More