Philip Morris: Fourth Quarter Earnings Overview

Philip Morris International Reports Strong Fourth Quarter Earnings

Philip Morris International Inc., headquartered in Stamford, Connecticut, announced a net profit of $2.14 billion for the fourth quarter.

The company posted earnings of $1.37 per share, with adjusted earnings—excluding one-time expenses—coming in at $1.70 per share.

These results surpassed analysts’ expectations, as the consensus from five analysts polled by Zacks Investment Research had projected earnings of $1.67 per share.

Looking ahead, Philip Morris anticipates its full-year earnings to fall between $8.38 and $8.53 per share.