Philip Morris International Inc. Reports Strong 2021 First-Quarter Reported Diluted EPS of $1.55 Versus $1.17 in 2020, Reflecting Adjusted Diluted EPS Growth of 21.5% on an Organic Basis

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Go back to Philip Morris International Inc. Reports Strong 2021 First-Quarter Reported Diluted EPS of $1.55 Versus $1.17 in 2020, Reflecting Adjusted Diluted EPS Growth of 21.5% on an Organic Basis

Philip Morris (PM) PT Raised to $108 at Cowen Following Earnings

April 20, 2021 1:55 PM EDT

Cowen analyst Vivien Azer raised the price target on Philip Morris (NYSE: PM) to $108.00 (from $100.00) while maintaining an Outperform rating.

The analyst commented, "PM delivered strong 1Q EPS of $1.57, beating Vuma consensus estimates by $0.18 and driven by a 590 bps YoY improvement in LC... More

Philip Morris International (PM) Tops Q1 EPS by 17c, Revenues Beat; Raises FY21 EPS Outlook

April 20, 2021 7:03 AM EDT

Philip Morris International (NYSE: PM) reported Q1 EPS of $1.57, $0.17 better than the analyst estimate of $1.40. Revenue for the quarter came in at $7.59 billion versus the consensus estimate of $7.27 billion.

2021 FIRST-QUARTER HIGHLIGHTS

Reported diluted EPS of $1.55, up by 32.5%; up by 23.9%, excluding currencyAdjusted diluted EPS of $1.57, up by 29.8%; up by 21.5% on an organic basisCigarette and heated tobacco unit shipment volume down by 3.7% (reflecting cigarette shipment volume down by 7.3%, and heated tobacco unit shipment volume up by 29.9% to 21.7 billion units)Market share for heated tobacco units in IQOS... More