Philip Morris International Inc. (PM) reported third quarter net earnings attributable to the company was $1.8 billion or $0.93 per share, compared to $2.08 billion or $1.01 per share in the same quarter of last year.
Adjusted diluted earnings per share in the third quarter were $0.93, same as last year. Excluding currency, adjusted earnings per share up 18.3% to $1.10 from $0.93 in the previous year.
Net revenues for the quarter declined to $16.57 billion, from $17.37 billion in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.91 per share on revenues of $6.71 billion for the quarter. Analysts' estimates typically exclude special items.
PMI increases its forecast for 2009 full-year reported diluted earnings per share to a range of $3.20 to $3.25, from $3.10 to $3.20, which includes, at current exchange rates, an unfavorable currency impact of approximately $0.52 per share. Excluding currency, diluted earnings per share are projected to increase by approximately 12%-14%. Analysts expect the company to report earnings of $3.24 per share for fiscal 2009.
PMI said that it has increased its regular quarterly dividend during the quarter to $0.58, up 7.4% from $0.54, which represents an annualized rate of $2.32 per common share.
During the third quarter, PMI spent $1.5 billion to repurchase 31.5 million shares of its common stock.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.