4 Things to Know About Philip Morris International's Fastest-Growing Business
Philip Morris International (NYSE: PM) recently posted a mixed third-quarter earnings report with soft guidance for the full year. Its revenue rose 1.8% annually (3.4% in constant currency terms) to $7.64 billion, but missed analysts' estimates by $10 million.
Its GAAP earnings per share declined 15.3% to $1.22 due to the deconsolidation of its Canadian unit RBH and other one-time charges. On a non-GAAP basis, which excluded those charges, its earnings dipped 0.7% to $1.43 (but rose 5.9% on a constant currency, like-for-like basis), and topped estimates by $0.07.
Image source: Philip Morris International.
Source Fool.com
