Philip Morris: Q4 EPS just above expectations
(CercleFinance.com) - Philip Morris International has unveiled adjusted EPS that is down 2.
4% at 1.22 dollar in the last quarter of 2019, although this still exceeded the consensus by one cent.
On a comparable basis and excluding FX factors, it increased 4.3%.
At over 7.7 billion dollars, the tobacco group's revenues increased by 2.9% as reported and were up 6.3% on a comparable basis and excluding FX factors, despite an 8% decline the volumes of cigarettes delivered.
Philip Morris International thus reported FY 2019 adjusted EPS of 5.19 dollars, up 9.9% on a comparable basis and excluding FX factors, with it expecting corresponding EPS of at least 5.54 dollars in 2020.
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4% at 1.22 dollar in the last quarter of 2019, although this still exceeded the consensus by one cent.
On a comparable basis and excluding FX factors, it increased 4.3%.
At over 7.7 billion dollars, the tobacco group's revenues increased by 2.9% as reported and were up 6.3% on a comparable basis and excluding FX factors, despite an 8% decline the volumes of cigarettes delivered.
Philip Morris International thus reported FY 2019 adjusted EPS of 5.19 dollars, up 9.9% on a comparable basis and excluding FX factors, with it expecting corresponding EPS of at least 5.54 dollars in 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.