Philip Morris International Inc. (PM) Q2 2018 Earnings Results

Philip Morris International Beats on EPS, Stock Down 1.5%

Philip Morris International reported a strong earnings per share, exceeding expectations by over 15%. However, the stock fell by 1.5% on the day, likely due to the absence of revenue data and updated guidance. Investors may be cautious as the company continues to navigate its transition to smoke-free alternatives.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$1.41	N/A	+15.57%

Management

Management commentary

Tone: Cautiously Optimistic

Overall, management expressed confidence in their strategic direction despite the lack of revenue figures. They are focused on expanding their portfolio of reduced-risk products.

Management highlighted ongoing efforts to transition to smoke-free products.

They emphasized the importance of innovation in maintaining market leadership.

Philip Morris International Beats on EPS, Stock Down 1.5%

Key numbers

Management commentary

Philip Morris International Inc.

More earnings this week

Philip Morris International Beats on EPS, Stock Down 1.5%

Key numbers

Management commentary