Philip Morris Intl Q4 2023 Sales $9.05B Beat $9.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Philip Morris Intl (PM) reported Q4 2023 earnings of $1.36 per share, missing the consensus estimate of $1.45 by 6.21%. However, their quarterly sales of $9.05B exceeded the $9.01B estimate by 0.43%, marking a 10.98% increase from the previous year.
February 08, 2024 | 12:01 pm
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Philip Morris Intl reported mixed Q4 2023 results with earnings per share of $1.36, missing estimates, but sales of $9.05B exceeded expectations and showed significant year-over-year growth.
The mixed results with a miss on earnings per share but a beat on revenue could lead to neutral short-term stock price movement. The revenue growth indicates strong sales performance, which might offset concerns about the earnings miss.
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IMPORTANCE 90
RELEVANCE 100