Philip Morris: beats consensus in Q3
(CercleFinance.com) - Philip Morris International announces adjusted EPS that is down 0.
7% at 1.43 dollar for its third quarter, although this still exceeded the consensus by seven cents.
On a comparable basis and excluding currency effects, EPS rose by 5.9%.
At over 7.6 billion dollars, the tobacco group's sales grew by 1.8% as reported and by 7% on a comparable basis, excluding currency effects, despite a slowdown of 5.9% in the volumes of cigarettes delivered.
For FY 2019, Philip Morris International's management has reinstated its targret for adjusted EPS of at least 5.28 dollars, reflecting growth excluding currency effects of at least 9%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7% at 1.43 dollar for its third quarter, although this still exceeded the consensus by seven cents.
On a comparable basis and excluding currency effects, EPS rose by 5.9%.
At over 7.6 billion dollars, the tobacco group's sales grew by 1.8% as reported and by 7% on a comparable basis, excluding currency effects, despite a slowdown of 5.9% in the volumes of cigarettes delivered.
For FY 2019, Philip Morris International's management has reinstated its targret for adjusted EPS of at least 5.28 dollars, reflecting growth excluding currency effects of at least 9%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.