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Philip Morris International Q1 adjusted earnings Beat Estimates

Philip Morris International (PM) reported earnings for first quarter that dropped from the same period last year.

The company's profit came in at $1.56 billion, or $1.00 per share. This compares with $1.59 billion, or $1.02 per share, in last year's first quarter.

Analysts had expected the company to earn $0.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.9% to $6.90 billion from $6.06 billion last year.

Philip Morris International earnings at a glance:

-EPS (Q1): $1.00 vs. $0.98 last year.
-Analysts Estimate: $0.90
-Revenue (Q1): $6.90 Bln vs. $6.06 Bln last year.

Full year EPS guidance: $5.25 to $5.40

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