Philip Morris: Q3 above expectations
(CercleFinance.com) - Philip Morris International has reported Q3 adjusted EPS that is up 13.
4% to 1.44 dollar in the third, 16 cents above the consensus.
Excluding a negative currency effect, EPS even rose by 20.5%.
At 7.5 billion dollars, the tobacco group's sales increased by 0.4% as reported and were up 3.3% excluding currency effects, despite a 1.7% drop in sales volumes of cigarettes delivered.
For FY 2018, Philip Morris International has confirmed its target for published EPS of between 4.97 dollars and 5.02 dollars, with adjusted EPS of 4.72 dollars, reflecting growth excluding currency effects of approximately 8% to 9%.
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