Philip Morris Worldwide Inc. (PM) reported third-quarter 2019 outcomes on Oct 17, earlier than mark
Philip Morris Worldwide Inc. (PM) reported third-quarter 2019 outcomes on Oct 17, earlier than market open. Earnings and revenues topped estimates on elevated revenues and cargo volumes within the heated tobacco class together with favorable pricing. Because the earnings launch, Philip Morris’ shares have gained about 3.4% to shut at $81.78 on Oct 23 (learn: Top-Ranked Sector ETFs to Buy for Q4).
Q3 in Element
Philip Morris reported adjusted earnings per share (EPS) of $1.43, beating the Zacks Consensus Estimate of $1.35. Nonetheless, the underside line declined 0.7% yr over yr. After excluding forex, the underside line rose 5.9%.
Web revenues of $7,642 million surpassed the Zacks Consensus Estimate of $7,610 million. Furthermore, the highest line rose 1.8% yr over yr. Moreover, the metric elevated 3.4% at fixed forex (cc) on favorable pricing throughout most areas and quantity/combine.
Adjusted working earnings went up 0.9% yr over yr to $3,184 million.
Cargo Quantity
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