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Philip Morris: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Philip Morris International Inc. (PM) on Tuesday reported second-quarter net income of $2.41 billion.

The Stamford, Connecticut-based company said it had net income of $1.54 per share. Earnings, adjusted for one-time gains and costs, came to $1.59 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.

Philip Morris expects full-year earnings in the range of $6.33 to $6.45 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PM at https://www.zacks.com/ap/PM