© Reuters. Philip Morris Earnings, Revenue Beat in Q1
Investing.com – Philip Morris (NYSE:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Philip Morris announced earnings per share of $1.56 on revenue of $7.75B. Analysts polled by Investing.com anticipated EPS of $1.5 on revenue of $7.5B.
Philip Morris shares are up 8% from the beginning of the year, still down 8.38% from its 52 week high of $112.48 set on February 18. They are outperforming the S&P Global 100 which is down 4.67% 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 Procter&Gamble on Wednesday, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.3 on revenue of $18.72B.
Costco had beat expectations on March 3 with second quarter EPS of $2.92 on revenue of $51.9B, compared to forecast for EPS of $2.76 on revenue of $51.53B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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