Philip Morris 2Q Revenue Misses Estimates
July 20 2021 - 7:36AM
Dow Jones News
By Allison Prang
Philip Morris International Inc. reported lower revenue than
expected for the second quarter.
The company's net revenue increased 14% to $7.59 billion from
$6.65 billion a year ago. According to FactSet, analysts were
expecting $7.67 billion.
Profit at the cigarette company was $2.17 billion, or $1.39 a
share, up from $1.95 billion, or $1.25 a share, a year earlier.
Adjusted earnings were $1.57 a share.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
July 20, 2021 07:33 ET (11:33 GMT)
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