Categories AlphaGraphs, Consumer, Earnings

Infographic: Philip Morris (PM) Q1 results top expectations

Tobacco giant Philip Morris International (NYSE: PM) on Tuesday reported first-quarter earnings and revenues that beat analysts’ forecast.

Philip Morris Q1 2021 earnings infographic

First-quarter earnings, adjusted for special items, rose to $1.57 per share from $1.21 per share a year earlier and came in above the market’s prediction. Unadjusted net income moved up to $2.42 billion or $1.55 per share from $1.83 billion or $1.17 per share in the first quarter of 2020.

“This performance was driven by the continued strength of IQOS, in particular, reflecting excellent user, volume, and market share momentum, as well as further progress with manufacturing and operating cost efficiencies,” said the company’s chief executive officer André Calantzopoulos.


Read management/analysts’ comments on Philip Morris’ Q1 earnings


The bottom line benefited from a 6% growth in revenues to $7.59 billion. Analysts had predicted a slower top-line growth. The company’s stock dropped early Tuesday following the earnings release, after closing the previous session lower.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Microsoft (MSFT) Q2 revenue up 20%, earnings beat estimates

Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2022. The results also topped expectations. At $51.7 billion, second-quarter revenues were

NFLX Stock: What the slowdown in subscriber growth means for Netflix

When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse

FAST Stock: Fastenal’s long-term prospects intact. Should you invest now?

Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top