Philip Morris International Inc. showed off its earnings numbers for the three months ending September 2015 on Thursday, October 15 before the bell for the day on in New York. The firm’s earnings came in at $1.24 per share for the quarter while revenue came in at $6.90B.
In the same period of last year, Philip Morris International Inc. managed to earn $1.39 per share. Sales for the same quarter in 2014 came in at $7.90B. In the three months heading into the release of today’s results, Philip Morris International Inc. stock has gained 3.56% of their value.
Here’s what Wall Street expected from Philip Morris International Inc.
Heading into the publication of these numbers, Wall Street forecast that Philip Morris had earned $1.11 per share by consensus. Revenue was thought to have hit $6.76B for the quarter.
17 analysts were following Philip Morris International Inc. in the months before the firm put out these numbers. 2 analysts told clients the firms were a Buy, 5 analysts said they thought investors should make the stock Overweight, 8 analysts reported that the best strategy was to Hold the shares. 2 analysts advised that their readers hold the firm Underweight and none of the analyst thought the best move was to Sell the stock ahead of earnings.
Philip Morris International Inc. earnings in context
Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in more than 180 markets, which include a range of international and local, premium, mid-price and low-price brands. Its premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield, and international brands include Bond Street, Lark, Muratti, Next, Philip Morris and Red & White.
For the twelve months in 2015 Wall Street thinks that Philip Morris will manage a profit $4.39 per share. The full sales number for the fiscal year is expected to amount to $26.84B. In its prior fiscal year Philip Morris International Inc. made $5.02 per share. Total revenue for the firm’s last fiscal year came in at $29.77B.