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Philip Morris Earnings, Revenue Beat in Q3 By Investing.com

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© Reuters. Philip Morris Earnings Beat Q3 Revenue

Philip Morris (NYSE) reported Tuesday the results of its third quarter. The revenue exceeded expectations and beat forecasts by Investing.com.

Philip Morris declared earnings per share (EPS) of $1.58 on revenues of $8.12B. Investing.com polled analysts and predicted EPS at $1.56 for revenue $7.92B.

Philip Morris shares rose 17% over the first of the year but are down 8.51% from September 7’s 52-week peak of $106.51 (September 7). They are under-performing the S&P 500 which is up 19.45% from the start of the year.

Philip Morris follows other major Consumer/Non-Cyclical sector earnings this month

Philip Morris’s report follows an earnings beat by Procter&Gamble on Tuesday, who reported EPS of $1.61 on revenue of $20.34B, compared to forecasts EPS of $1.59 on revenue of $19.79B.

PepsiCo exceeded expectations by beating all estimates on October 5, with third quarter earnings per share of $1.79 based on revenue $20.19B. This compares to the $1.73 EPS forecast for revenue $19.39B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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