Philip Morris Intl Q2 2024 Adj EPS $1.59 Beats $1.57 Estimate, Sales $9.468B Beat $9.183B Estimate
Portfolio Pulse from Benzinga Newsdesk
Philip Morris International (NYSE:PM) reported Q2 2024 adjusted EPS of $1.59, beating the $1.57 estimate. Sales were $9.468 billion, surpassing the $9.183 billion estimate. Despite a slight decrease in EPS from last year, sales increased by 5.59%.
July 23, 2024 | 11:00 am
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Philip Morris International reported better-than-expected Q2 2024 earnings and sales. EPS of $1.59 beat the $1.57 estimate, and sales of $9.468 billion surpassed the $9.183 billion estimate. Despite a slight decrease in EPS from last year, sales increased by 5.59%.
The better-than-expected earnings and sales figures are likely to positively impact Philip Morris's stock price in the short term. The increase in sales and the slight beat on EPS indicate strong performance, which should boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100