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Update: Philip Morris Shares Rise After Q4 Adjusted Earnings, Revenue Climb
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Update: Philip Morris Shares Rise After Q4 Adjusted Earnings, Revenue Climb
Feb 6, 2025 10:18 AM

01:03 PM EST, 02/06/2025 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

Philip Morris International ( PM ) shares rose 10% in recent Thursday trading after the company reported higher Q4 adjusted earnings and revenue.

In the quarter ended Dec. 31, adjusted earnings rose to $1.55 per diluted share from $1.36 a year earlier.

Analysts polled by FactSet expected $1.50.

Revenue climbed to $9.71 billion from $9.05 billion a year earlier.

Analysts surveyed by FactSet expected $9.44 billion.

In Q1, the company expects adjusted diluted EPS of $1.58 to $1.63. Analysts surveyed by FactSet expect $1.61.

The company expects 2025 adjusted EPS of $7.04 to $7.17. Analysts surveyed by FactSet forecast $6.99. The company projects net revenue growth of around 6% to 8% for the year. Analysts polled by FactSet expect $39.6 billion.

Price: 144.02, Change: +13.04, Percent Change: +9.96

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