Investing.com – Philip Morris (NYSE:) reported on Thursday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
Philip Morris announced earnings per share of $1.22 on revenue of $7.71B. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $7.66B. That with comparison to EPS of $1.25 on revenue of $7.5B in the same period a year before. Philip Morris had reported EPS of $1.43 on revenue of $7.64B in the previous quarter. Analysts are expecting EPS of $1.12 and revenue of $6.89B in the upcoming quarter.
Philip Morris shares are down 1% from the beginning of the year , still down 9.49% from its 52 week high of $92.74 set on March 22, 2019. They are under-performing the which is up 2.77% year to date.
Philip Morris follows other major Consumer/Non-Cyclical sector earnings this month
Philip Morris’s report follows an earnings beat by Procter&Gamble on January 23, who reported EPS of $1.42 on revenue of $18.24B, compared to forecasts EPS of $1.21 on revenue of $17,147M.
Coca-Cola had matched expectations on January 30 with fourth quarter EPS of $0.44 on revenue of $9.1B, compared to forecast for EPS of $0.44 on revenue of $8.88B.
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