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Philip Morris Earnings, Revenue Beat in Q4 -Breaking

by Mike Robinson

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© Reuters. Philip Morris Earnings Beat Q4 Revenue

Philip Morris (NYSE 🙂 announced Thursday that the fourth quarter beat analyst forecasts with revenue surpassing expectations.

Philip Morris declared earnings per share (EPS) of $1.35 based on $8.1B in revenue. Investing.com polled analysts and predicted EPS at $1.32 for revenue $7.77B.

Philip Morris shares rose 3% over the first of the year. However, they are down 2.26 percent from their 52-week peak of $106.51 (September 7, 2021). They have outperformed the Dow Jones by 1.57%, down from its start.

Philip Morris joins other Consumer Staples industry earnings this month

Philip Morris’s report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.

Coca-Cola exceeded expectations Thursday, posting fourth-quarter EPS figures of $0.45 on $9.5B in revenue. That compares with the $0.4104 expected on revenues of $8.99B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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