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Philip Morris International Inc. (PM) Q1 Earnings Recap: What to Know

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Philip Morris International Inc. ( PM ) has released its Q1 2016 earnings report and InvestorPlace has collected a few things to know about it.

  • PM reported earnings per share of 98, which is down from the $1.16 reported the same time last year.
  • Analysts' estimates has EPS coming in at $1.11
  • Revenue was down 8% from last year to $6.1 billion.
  • Wall Street was expecting revenue of $6.34 billion.
  • Philip Morris blames weak revenue and EPS on strong currency headwinds.
  • The company is expecting EPS between $4.40 and $4.50 in 2016.
  • Analysts are estimating $4.47 for 2016 EPS.

PM shares were down 1% as of Tuesday morning.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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