Philip Morris Earnings, Revenue Beat in Q2
2022.07.21 15:01
Philip Morris Earnings, Revenue Beat in Q2
Investing.com – Philip Morris (NYSE:PM) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Philip Morris announced earnings per share of $1.48 on revenue of $7.83B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $6.66B.
Philip Morris shares are down 5% from the beginning of the year, still down 20.14% from its 52 week high of $112.48 set on February 18. They are outperforming the S&P Global 100 which is down 15.08% from the start of the year.
Philip Morris follows other major Consumer Staples sector earnings this month
Philip Morris’s report follows an earnings beat by PepsiCo on July 12, who reported EPS of $1.86 on revenue of $20.23B, compared to forecasts EPS of $1.74 on revenue of $19.51B.
Constellation Brands B had beat expectations on June 30 with first quarter EPS of $2.66 on revenue of $2.36B, compared to forecast for EPS of $2.52 on revenue of $2.17B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
