Philip Morris International Inc. (NYSE: PM) reported first quarter 2023 earnings results today.
Net revenues increased 3.5% year-over-year to $8 billion.
Net earnings were $1.9 billion compared to $2.3 billion last year. Reported EPS decreased 14.7% to $1.28 while adjusted EPS fell 4.4% to $1.38 versus last year.
For the full year of 2023, the company expects adjusted EPS of $6.10-6.22.