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Philip Morris International Q2 adjusted earnings Beat Estimates

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

The company's bottom line came in at $1.95 million, or $1.25 per share. This compares with $2.32 million, or $1.49 per share, in last year's second quarter.

Analysts had expected the company to earn $1.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 13.6% to $6.65 billion from $7.70 billion last year.

Philip Morris International earnings at a glance:

-EPS (Q2): $1.29 vs. $1.46 last year.
-Analysts Estimate: $1.10
-Revenue (Q2): $6.65 Bln vs. $7.70 Bln last year.

Full year EPS guidance: $4.92 - $5.07

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