While reporting financial results for the first quarter on Wednesday, Philip Morris International, Inc. (PM) provided adjusted earnings guidance for the second quarter and trimmed its outlook for the full-year 2026.
For the second quarter, the company expects adjusted earnings in a range of $2.02 to $2.07 per share.
For fiscal 2026, the company now projects earnings in a range of $7.56 to $7.71 per share and adjusted earnings in a range of $8.36 to $8.51 per share. Excluding a favorable currency impact of $0.27 per share, adjusted earnings is expected to grow at 7.5 to 9.5 percent to the range of $8.11 to $8.26 per share.
Previously, the company expected earnings in the range of $7.87 to $8.02 per share and adjusted earnings in the range of $8.38 to $8.53 per share. Excluding a favorable currency impact of $0.27 per share, adjusted earnings is expected to grow at 7.5 to 9.5 percent to the range of $8.11 to $8.26 per share.
In Wednesday's pre-market trading, PM is trading on the NYSE at $152.99, down $0.19 or 0.12 percent.
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