Philip Morris (PM) Misses Q4 EPS by 4c
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Philip Morris International Inc. (PMI) Reports 2017 Results; Excluding Currency & Tax Items, Full-Year 2017 Adjusted Diluted EPS Growth of 10%; Provides 2018 Earnings Per Share Forecast
February 8, 2018 7:01 AM ESTNEW YORK--(BUSINESS WIRE)-- Regulatory News:
2017 Full-Year
Reported diluted earnings per share of $3.88, down by $0.60 or 13.4% versus $4.48 in 2016, including the unfavorable impact of tax items of $0.84 per share primarily related to the implementation of the Tax Cuts and Jobs Act, as detailed in the attached Schedule 17 Excluding unfavorable currency of $0.21, and the aforementioned tax items, adjusted diluted earnings per share of $4.93, up by $0.45 or 10.0% versus $4.48 in 2016, as detailed in the attached Schedule 17 Cigarette and heated tobacco unit shipment volume of 798.2 billion, down by 2.7%... More