Philip Morris: Q1 above consensus

(CercleFinance.com) - Before Wall Street opened on Thursday Philip Morris reported Q1 EPS of 87 cents, down from 1 dollar a year ago.


Adjusted EPS came in at 1.09 dollar, up 9 cents from the first quarter of 2018 and above the consensus of 98 cents.

However, sales declined to nearly just short of 6.8 billion dollars, compared to 6.9 billion dollars in Q1 2018.

Regarding its forecasts, Philip Morris expects FY 2019 adjusted EPS of 5.09 dollars.


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