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: Key highlights from Constellation Brands (STZ) Q1 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06

Walgreens Boots Alliance (WBA) Q3 profit drops on lower revenues; results beat

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) on Thursday said its third-quarter revenues decreased. As a result, the healthcare service company's adjusted profit declined but exceeded consensus estimates. Net profit, on

ANGO Stock: Is it the right time to invest in AngioDynamics now?

The performance of AngioDynamics, Inc. (NASDAQ: ANGO) has not been very impressive lately, despite being part of a rapidly growing industry. But the company's efforts to bring innovation to the

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