Philip Morris: solid quarterly results
(CercleFinance.com) - American group Philip Morris International this Thursday reported an increase in quarterly adjusted earnings per share of approximately +3.
5%.
The second quarter EPS comes out at 1.46 dollars. Like-for-like and excluding foreign exchange effects, this represents an increase of 15%. Again like-for-like, net revenue shows an increase of 9%.
As regards its full-year forecast for 2019, the tobacco giant expects adjusted EPS of 5.28 dollars, compared to 4.84 dollars in 2018. Excluding foreign exchange effects and at constant scope, this corresponds to an increase in EPS from one financial year to the next of over 9%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5%.
The second quarter EPS comes out at 1.46 dollars. Like-for-like and excluding foreign exchange effects, this represents an increase of 15%. Again like-for-like, net revenue shows an increase of 9%.
As regards its full-year forecast for 2019, the tobacco giant expects adjusted EPS of 5.28 dollars, compared to 4.84 dollars in 2018. Excluding foreign exchange effects and at constant scope, this corresponds to an increase in EPS from one financial year to the next of over 9%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.