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Philip Morris International Q1 adjusted earnings Beat Estimates

Philip Morris International (PM) released earnings for first quarter that decreased from last year.

The company's earnings came in at $1.35 billion, or $0.87 per share. This compares with $1.56 billion, or $1.00 per share, in last year's first quarter.

Analysts had expected the company to earn $0.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.2% to $6.75 billion from $6.90 billion last year.

Philip Morris International earnings at a glance:

-EPS (Q1): $1.09 vs. $1.00 last year.
-Analysts Estimate: $0.97
-Revenue (Q1): $6.75 Bln vs. $6.90 Bln last year.

Full year EPS guidance: $5.09

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