Categories AlphaGraphs, Consumer, Earnings
PM Earnings: Key quarterly highlights from Philip Morris’ Q4 2023 financial results
Philip Morris International Inc. (NYSE: PM) reported fourth quarter 2023 earnings results today.
Net revenues increased 11% year-over-year to $9 billion.
Net earnings attributable to PMI were $2.2 billion compared to $2.4 billion last year.
Reported EPS decreased 8.4% to $1.41 while adjusted EPS grew 12.2% to $1.36 compared to last year.
Revenues beat estimates but earnings fell short, causing the stock to fall over 2% in premarket hours on Thursday.
For the full year of 2024, the company expects adjusted EPS of $6.32-6.44.
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