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Philip Morris announced earnings per share of $1.53 on revenue of $8.03. Analysts polled by Investing.com anticipated EPS of $1.37 on revenue of $7.43B.
Philip Morris shares are down 26% from the beginning of the year, still down 23.12% from its 52 week high of $112.48 set on February 18.
Philip Morris’s report follows an earnings beat by Procter&Gamble on Wednesday, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
PepsiCo had beat expectations on October 12 with third quarter EPS of $1.97 on revenue of $21.97B, compared to forecast for EPS of $1.84 on revenue of $20.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
