Shopper Staples ETFs Shine on Philip Morris’ This autumn Earnings Outcomes

Shopper Staples ETFs Shine on Philip Morris’ This autumn Earnings Outcomes

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Philip Morris Worldwide Inc. PM reported fourth-quarter 2019 outcomes on Feb 6, earlier than market open. Earnings met estimates whereas revenues topped the identical. For the reason that earnings launch, Philip Morris’ shares have gained about 4.2% (learn: Will Virus Infect Q1 Earnings? Multi-Asset ETFs to Play).

This autumn in Element

Philip Morris reported adjusted earnings per share (EPS) of $1.22, on par with the Zacks Consensus Estimate. Nevertheless, the underside line declined 2.4% yr over yr. After excluding foreign money, the underside line rose 4.3%.  

Web revenues of $7.71 billion surpassed the Zacks Consensus Estimate of $7.68 billion. Furthermore, the highest line rose 2.9% yr over yr. Moreover, the metric elevated 6.3% at fixed foreign money (cc) on favorable pricing throughout most areas partly negated by opposed quantity/combine.

Adjusted working revenue went up 6% yr over yr to $2.86 billion.

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