Categories AlphaGraphs, Consumer, Earnings

Philip Morris sees revenue shrink in Q4

Philip Morris International (NYSE: PM) reported fourth-quarter 2020 financial results before the regular market hours on Thursday. The tobacco company reported fourth-quarter revenue of $7.44 billion, down 3.5% year-over-year, but above the Wall Street projection. Net income of $1.26 per share was also higher than what analysts had anticipated.

PM shares were trading flat immediately following the announcement. The stock declined 4% in the trailing 12 months.

Philip Morris International Q4 2020 earnings

Looking forward to listening to management / analyst comments on the results? Stay tuned here for Philip Morris Q4 earnings call transcript

CEO André Calantzopoulos said in a statement, “For the full year, we are expecting a significant recovery, with mid-single-digit organic net revenue growth—driven by the growing contribution of IQOS—and further efforts on cost efficiencies driving an acceleration in forecasted adjusted diluted EPS growth to a range of 9% to 11% on the same basis.”

Prior performance

  • Philip Morris reports Q3 2020 earnings results
  • Philip Morris reports Q2 2020 earnings results
  • philip morris international Q4 2019 earnings

Most Popular

Infographic: Nvidia (NVDA) Q4 revenue up 61%; earnings beat

Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the

Nutanix (NTNX) Earnings: 2Q21 Key Numbers

Nutanix (NASDAQ: NTNX) reported second quarter 2021 earnings results today. Total revenue remained flat at $346.4 million compared to the same period a year ago. GAAP net loss was $287.3

Macy’s (M) expects digital channels to generate approx. $10 billion in sales by 2023

Shares of Macy’s Inc. (NYSE: M) were down 2.7% in morning trade on Wednesday. The stock has gained 37% since the beginning of the year. A day ago, the retailer

Add Comment
Viewing Highlight