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Philip Morris announced earnings per share of $1.42 on revenue of $7.45B. Analysts polled by Investing.com anticipated EPS of $1.36 on revenue of $7.28B.
Philip Morris shares are down 8% from the beginning of the year, still down 13.67% from its 52 week high of $90.17 set on February 11. They are under-performing the S&P Global (NYSE:SPGI) 100 which is up 5.3% from the start of the year.
Philip Morris’s report follows an earnings beat by PepsiCo on October 1, who reported EPS of $1.66 on revenue of $18.09B, compared to forecasts EPS of $1.49 on revenue of $17.21B.
General Mills had beat expectations on September 23 with first quarter EPS of $1 on revenue of $4.36B, compared to forecast for EPS of $0.88 on revenue of $4.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
