UPDATE: Cowen Upgrades Philip Morris (PM) to Outperform as Performance Gets Back on Track
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Philip Morris International Inc. (PMI) Reports 2015 First-Quarter Results; Increases 2015 Full-Year Reported Diluted EPS Forecast to a Range of $4.32 to $4.42, Reflecting Currency-Neutral Growth of 9%
April 16, 2015 6:59 AM EDTNEW YORK--(BUSINESS WIRE)--
Regulatory News:
2015 First-Quarter
Reported diluted earnings per share of $1.16, down by $0.02 or 1.7% versus $1.18 in 2014 Excluding unfavorable currency of $0.31, reported diluted earnings per share up by $0.29 or 24.6% versus $1.18 in 2014 as detailed in the attached Schedule 9 Adjusted diluted earnings per share of $1.16, down by $0.03 or 2.5% versus $1.19 in 2014 Excluding unfavorable currency of $0.31, adjusted diluted earnings per share up by $0.28 or 23.5% versus $1.19 in 2014 as detailed in the attached Schedule 8 Cigarette shipment volume of 198.8 billion units, up by 1.4%... More