Philip Morris International Inc. (NYSE: PM) reported third quarter 2020 earnings results today.
Net revenues fell 2.6% year-over-year to $7.4 billion. Revenues were down 1.5% on an organic basis.
Reported EPS rose 21.3% to $1.48 while adjusted EPS dropped 0.7% to $1.42.
For full year 2020, reported EPS is expected to be $5.03-5.08 while adjusted EPS is estimated to be $5.05-5.10.
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After starting the week on a positive note, major stock indexes witnessed volatility and slipped mid-week. Meanwhile, the S&P 500 index regained a part of the lost momentum and closed