Philip Morris Earnings, Revenue beat in Q4

Philip Morris (NYSE:PM) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Philip Morris announced earnings per share of $1.26 on revenue of $7.44B. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $7.38B.

Philip Morris shares are up 1% from the beginning of the year and are trading at $80.25 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.97% from the start of the year.

Philip Morris shares gained 0.02% in pre-market trade the report.

Philip Morris follows other major Consumer/Non-Cyclical sector earnings this month
Philip Morris’s report follows an earnings beat by Procter&Gamble on January 20, who reported EPS of $1.64 on revenue of $19.75B, compared to forecasts EPS of $1.51 on revenue of $19.27B.

Mondelez had missed expectations on January 28 with fourth quarter EPS of $0.66 on revenue of $7.3B, compared to forecast for EPS of $0.6651 on revenue of $7.16B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar