At the Morgan Stanley Global Consumer & Retail Conference in New York, Philip Morris International Inc's (PM) 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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.