10:10 AM EDT, 10/21/2025 (MT Newswires) -- (Updates with the latest stock move in the headline and first paragraph.)

Philip Morris International ( PM ) shares dropped more than 6% in recent trading Tuesday despite the company reporting higher Q3 adjusted earnings and revenue that also beat analysts' estimates.

The company reported Q3 adjusted earnings Tuesday of $2.24 per diluted share, up from $1.91 a year earlier.

Analysts polled by FactSet expected $2.09.

Net revenue for the quarter ended Sept. 30 was $10.85 billion, compared with $9.91 billion a year earlier.

Analysts surveyed by FactSet expected $10.64 billion.

For 2025, the company updated its adjusted diluted EPS guidance to a range of $7.46 to $7.56, compared with its prior outlook of $7.43 to $7.56. Analysts surveyed by FactSet expect $7.52.

The company reiterated its 2025 organic net revenue growth outlook of 6% to 8%. Analysts polled by FactSet expect $40.78 billion.

Price: 147.69, Change: -10.34, Percent Change: -6.54