By Connor Hart
Philip Morris International backed its full-year outlook, which it raised earlier this year.
The tobacco company said Tuesday that it continues to expect per-share earnings for the year of $7.01 to $7.14, compared with analyst views for $7.36, according to FactSet.
Stripping out certain one-time items, Philip Morris forecasts adjusted per-share earnings of $7.36 to $7.49. Wall Street is modeling adjusted earnings of $7.47 a share.
The company in April raised its adjusted earnings outlook after the sustaining popularity of its Zyn nicotine pouches boosted first-quarter earnings. It had previously guided for adjusted per-share earnings of $7.04 to $7.17.
Philip Morris is scheduled to report its second-quarter results on July 22, for which it expects to notch adjusted per-share earnings of $1.80 to $1.85. Analysts are looking for $1.86.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
June 03, 2025 06:48 ET (10:48 GMT)
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