Philip Morris (NYSE:PM) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.25 on revenue of $7.5B. Analysts polled by anticipated EPS of $1.17 on revenue of $7.39B. That compared to EPS of $1.32 on revenue of $8.29B in the same period a year earlier. The company had reported EPS of $1.44 on revenue of $7.5B in the previous quarter.
Philip Morris shares gained 1.01% to trade at $76.27 in intra-day trade following the report.
Philip Morris follows other major Consumer/Non-Cyclical sector earnings this month
On January 23, Procter&Gamble reported second quarter EPS of $1.25 on revenue of $17.44B, compared to forecasts of EPS of $1.21 on revenue of $17.16B.
Unilever NV ADR earnings matched analyst's expectations on January 31, with fourth quarter EPS of $1.22 on revenue of $13.94B. analysts expected EPS of $1.22 on revenue of $13.68B
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