Philip Morris: 12% EPS growth in the 4th quarter


(CercleFinance.com) – Philip Morris International publishes adjusted EPS growth (excluding currency effects) of 12.2% to $1.36 for the last three months of 2023, for revenues up organically by 8.3 % to nine billion.

The Stamford, Connecticut-based tobacco company saw its combustible tobacco product revenue increase 5.3%, driven by price increases of 9.9%, while its smokeless products accounted for 39.3% of its revenue. total business.

Posting an adjusted EPS of 11% to $6.01 over the past year, Philip Morris International anticipates it for 2024 in a range of $6.43 to $6.55, excluding the effects exchange.

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