Philip Morris International Inc. (NYSE: PM) reported third quarter 2024 earnings results today.
Net revenues grew 8.4% year-over-year to $9.9 billion. Organic revenue growth was 11.6%.
Net earnings attributable to PMI were $3.1 billion compared to $2 billion in the year-ago quarter.
Reported EPS increased 49.2% to $1.97 and adjusted EPS increased 14.4% to $1.91 compared to last year.
Revenue and earnings beat expectations allowing the stock to gain over 3% on Tuesday.
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For the full year of 2024, PM expects organic revenue growth of around 9.5%, and adjusted EPS of $6.45-6.51.
Prior performance
