Philip Morris Int'l Lifts FY11 EPS View - Quick Facts

Philip Morris Int'l To Buy Remaining 20% Stake In Its Mexican Subsidiary

Philip Morris Intl To Host Goldman Sachs Symposium ; Webcast At 9:05 AM ET

Philip Morris To Host Goldman Sachs Conference ; Webcast At 9:05 AM

Philip Morris Q1 Profit Declines On Costs, Cuts Full-year EPS View

Trade PM now with

11/16/2011 12:39 PM ET

At the Morgan Stanley Global Consumer & Retail Conference in New York, Philip Morris International Inc's (PM: Quote) Chairman and Chief Executive Officer, Louis Camilleri said that the company expects to achieve a reported earnings for the full year 2011 of at least $4.85, up from its previously disclosed guidance range of $4.75 to $4.80. Analysts polled by Thomson Reuters expect the company to report earnings of $4.82 per share for fiscal 2011. Analysts' estimates typically exclude special items.

The company said that it expects to again meet its mid to long-term constant currency annual adjusted earnings growth target of 10% to 12% in 2012. Analysts expect the company to report earnings of $5.19 per share for fiscal 2012.

Click here to receive FREE breaking news email alerts for Philip Morris International and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 74 Articles

Editors Pick

Adobe Profit Tops Estimate

Publishing and design software maker Adobe Systems Inc. said Tuesday after the markets closed that its second quarter profit fell 66% from last year, hurt by lower revenue as well as higher costs and expenses. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations and its quarterly revenue was in line with analysts' forecast.

Stocks Show Strong Upward Move Ahead Of Fed Announcement - U.S. Commentary

Stocks showed a strong upward move over the course of the trading day on Tuesday, adding to the gains posted in the previous session. The rally came even as traders expressed some uncertainty ahead of tomorrow's Federal Reserve announcement. The major averages gave back some ground going into the close but remained firmly in positive territory.

Boehner Indicates Immigration Bill Must Have Majority GOP Support

In a potential roadblock to comprehensive immigration reform legislation, House Speaker John Boehner, R-Ohio, indicated Tuesday that he would not bring a bill to the floor unless it is supported by a majority of House Republicans.