By Paulo Trevisani

Philip Morris International Inc. said Thursday that currency rates are likely to reduce earnings by 15 cents a share in the second quarter and 63 cents a share for full-year results.

The company reported a profit of $1.50 a share in the first quarter ended March 31. That is down from $1.55 a year earlier and includes a 23 cents negative impact from currency.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

April 21, 2022 10:19 ET (14:19 GMT)

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