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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