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Philip Morris: Q2 beats expectations

(CercleFinance.com) - On Tuesday the US tobacco giant Philip Morris International reported a 11.
6% decline in its Q2 adjusted EPS.

EPS over the period reached 1.29 dollars: despite falling, it still beat the consensus, which was looking for 1.10 dollar.

For FY 2020, the tobacco giant expects adjusted EPS of between 4.84 dollars and 4.99 dollars, above the 4.61 dollars reported in 2019.


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