Philip Morris International FY23 Outlook: Adj Diluted EPS $6.13 - $6.22 (From $6.10 - $6.22 Prior) vs. $6.23 Estimate, EPS $5.36 - $5.45 (From $5.88 - $6.00 Prior), Organic Revenue Growth 7.5% - 8.5% (From 7% - 8.5% Prior)
Portfolio Pulse from Benzinga Newsdesk
Philip Morris International has updated its FY23 outlook. The company now expects adjusted diluted EPS to be between $6.13 and $6.22, up from the previous range of $6.10 to $6.22. However, the EPS is expected to be between $5.36 and $5.45, down from the previous range of $5.88 to $6.00. Organic revenue growth is expected to be between 7.5% and 8.5%, up from the previous range of 7% to 8.5%.
July 20, 2023 | 11:03 am
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Philip Morris has updated its FY23 outlook, with an increase in adjusted diluted EPS and organic revenue growth, but a decrease in EPS. This mixed outlook may lead to uncertainty among investors.
The company's updated outlook shows a mixed picture. While the increase in adjusted diluted EPS and organic revenue growth is positive, the decrease in EPS could be a concern for investors. This could lead to uncertainty and potential volatility in the stock price.
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