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.
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by RTT Staff Writer
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