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Philip Morris' Q3 Earnings, Revenue Rise; Lifts Full-Year Outlook
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Philip Morris' Q3 Earnings, Revenue Rise; Lifts Full-Year Outlook
Oct 22, 2024 12:09 PM

07:29 AM EDT, 10/22/2024 (MT Newswires) -- Philip Morris International ( PM ) reported Q3 adjusted earnings Tuesday of $1.91 per diluted share, up from $1.67 a year earlier.

Analysts polled by Capital IQ expected $1.82.

Revenue for the quarter ended Sept. 30 was $9.91 billion, up from $9.14 billion a year earlier.

Analysts surveyed by Capital IQ estimated $9.69 billion.

The company expects full-year adjusted EPS of $6.45 to $6.51 per diluted share, up from $6.33 to $6.45 previously. Analysts surveyed by Capital IQ expect $6.40.

The company expects organic revenue growth of around 9.5% for the full year, up from a range of 7.5% to 9% previously. Analysts polled by Capital IQ expect $37.49 billion.

Price: 122.75, Change: +3.79, Percent Change: +3.19

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