Philip Morris (NYSE) reported Thursday’s first quarter results that exceeded analysts’ expectations and generated revenue above all expectations.

Philip Morris reported earnings per share at $1.56 for revenue $7.75B. Investing.com polled analyst to predict EPS at $1.5 on revenues of $7.5B.

Philip Morris shares rose 8% over the first of the year but are down 8.38% from their 52-week peak of $112.48, which was 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 joins other Consumer Staples industry 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 exceeded expectations in March 3. The second quarter’s EPS was $2.92 on $51.9B revenue, as compared with the $2.76 forecast on $51.53B revenue.

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