Philip Morris International (PM) reported quarterly earnings results on Tuesday, Apr-19-2016. The company reported $0.98 earnings per share for the quarter, missing the analyst consensus estimate by $-0.13. Analysts had a consensus of $1.11. The company posted revenue of $6083.00 million in the period, compared to analysts expectations of $6280.03 million. The company’s revenue was down -8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.
Many Wall Street Analysts have commented on Philip Morris International. Philip Morris International was Upgraded by BofA/Merrill to ” Buy” on Mar 24, 2016. Philip Morris International was Upgraded by Exane BNP Paribas to ” Outperform” on Mar 8, 2016. Philip Morris International was Resumed by Berenberg to “Hold” on Feb 2, 2016.
Philip Morris International opened for trading at $99.83 and hit $101.39 on the upside on Monday, eventually ending the session at $100.6, with a gain of 0.49% or 0.49 points. The heightened volatility saw the trading volume jump to 50,78,452 shares. Company has a market cap of $155,864 M.
In a different news, on Feb 19, 2016, Andre Calantzopoulos (Chief Executive Officer) sold 30,000 shares at $91.11 per share price.
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. Its local cigarette brands consist of Sampoerna Dji Sam Soe and U Mild in Indonesia; Fortune Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece and Petra in the Czech Republic and Slovakia.