Tuesday, October 20, 2020

Philip Morris Q3 Profit Tops Estimates; Net Revenues Down 1.5% On Organic Basis

Philip Morris International Inc. (PM) reported third quarter adjusted earnings per share of $1.42, down by 0.7% from prior year. Excluding currency, adjusted earnings per share was $1.51, up 5.6% from last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.36, for the quarter. Analysts' estimates typically exclude special items.

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