This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXNPEE9M048_M.jpg
Philip Morris announced earnings per share of $1.21 on revenue of $7.15B. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $6.79B. That with comparison to EPS of $1.09 on revenue of $6.75B in the same period a year before. Philip Morris had reported EPS of $1.22 on revenue of $7.71B in the previous quarter. Analysts are expecting EPS of $1.42 and revenue of $7.6B in the upcoming quarter.
Philip Morris shares are down 9% from the beginning of the year , still down 14.76% from its 52 week high of $90.17 set on February 11. They are outperforming the S&P 500 which is down 12.99% year to date.
Philip Morris’s report follows an earnings beat by Procter&Gamble on Friday, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on Tuesday with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
