Philip Morris International (PM) slides as revenue and earnings guidance miss expectations

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Philip Morris International Reports 2023 Third-Quarter and Nine-Month Year-to-Date Results

October 19, 2023 6:59 AM EDT

Delivers 2023 Third-Quarter Reported Diluted EPS of $1.32 and Adjusted Diluted EPS of $1.67, Representing Currency-Neutral Growth of 20.3%; Targets 2023 Full-Year Reported Diluted EPS of $4.95 to $4.98 and Adjusted Diluted EPS of $6.05 to $6.08, Representing Increased Currency-Neutral Growth Outlook of 10.0% to 10.5%

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:

Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2023 third-quarter and nine-month year-to-date results. Further explanation of PMI's use of non-GAAP measures cited in this document and reconciliations to the most directly comparable U.S. GAAP measures can be found in the Non-GAAP Measures, Glossary and... More