Shares of Philip Morris International (NYSE: PM) rose 4% on Oct. 18 after the tobacco giant posted third quarter numbers that topped analysts' expectations. Its revenue rose 0.4% year over year to $7.5 billion, beating estimates by $330 million. And taking out an unfavorable currency impact of $213 million, its revenue actually rose 3.3%.On the bottom line, PMI's adjusted earnings grew 13.4% to $1.44 per share, beating estimates by $0.16.
Are The Bulls Or Bears Right About Philip Morris International?
newsfeedback@fool.com (Leo Sun), The Motley Fool
Sun, 10/21/2018 - 7:32am
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