By Allison Prang

 

Philip Morris International Inc. revised its earnings guidance for the year.

The tobacco company said it now expects earnings to be between $5.76 a share and $5.86 a share for the full year. It previously was expecting earnings to be between $5.93 a share to $6.03 a share.

The company expects adjusted earnings to be between $5.97 a share and $6.07 a share, which is 2 cents higher than its old guidance.

Excluding currency, the company expects adjusted earnings of between $5.79 a share and $5.89 a share. It had been expecting a range 4 cents lower.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

July 20, 2021 07:38 ET (11:38 GMT)

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