MarketWatch
Philip Morris reports revenue miss
Philip Morris International Inc. reported second quarter net income totaling $2.17 billion, or $1.39 per share, up from $1.95 billion, or $1.25 per share last year. Adjusted EPS of $1.57 beat the FactSet consensus for $1.55. Revenue of $7.59 billion was up from $6.65 billion last year and below the FactSet consensus for $7.67 billion. The company’s cigarette alternative Iqos had 20.1 million users at the end of the quarter. Cigarette volume was up 3.2% to 156.1 billion units shipped globally. Ph
