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BRIEF-Philip Morris International Reports Q2 Earnings Per Share Of $1.49 Excluding Items

Published 2019-07-18, 07:07 a/m
© Reuters.  BRIEF-Philip Morris International Reports Q2 Earnings Per Share Of $1.49 Excluding Items
PM
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July 18 (Reuters) - Philip Morris International Inc (NYSE:PM) PM.N :

* . REPORTS 2019 SECOND-QUARTER REPORTED DILUTED EPS OF $1.49 VERSUS. $1.41 IN 2018, REFLECTING CURRENCY-NEUTRAL LIKE-FOR-LIKE ADJUSTED DILUTED EPS GROWTH OF 15.0%

* Q2 EARNINGS PER SHARE $1.49 EXCLUDING ITEMS

* Q2 EARNINGS PER SHARE ESTIMATE $1.32 -- REFINITIV IBES DATA

* Q2 EARNINGS PER SHARE $1.49

* INCREASES 2019 FULL-YEAR REPORTED DILUTED EPS FORECAST TO AT LEAST $4.94 (FROM AT LEAST $4.87)

* QTRLY CIGARETTE AND HEATED TOBACCO UNIT SHIPMENT VOLUME DOWN BY 1.4%

* QTRLY NET REVENUES DOWN BY 0.3%; UP BY 9.0% ON A LIKE-FOR-LIKE BASIS, EXCLUDING CURRENCY

* QTRLY NET REVENUES $7,699 MILLION VERSUS $7,726 MILLION

* Q2 REVENUE VIEW $7.37 BILLION -- REFINITIV IBES DATA

* SEES 2019 ADJUSTED DILUTED EPS OF $5.14

* FY2019 EARNINGS PER SHARE VIEW $5.16 -- REFINITIV IBES DATA

* SEES 2019 UNFAVORABLE CURRENCY IMPACT, AT PREVAILING EXCHANGE RATES, OF APPROXIMATELY $0.14

* SEES 2019 CAPITAL EXPENDITURES OF APPROXIMATELY $1.1 BILLION

* 2019 FORECAST ASSUMES TOTAL CIGARETTE AND HEATED TOBACCO UNIT SHIPMENT VOLUME DECLINE FOR PMI OF ABOUT 1.0%

* SEES 2019 OPERATING CASH FLOW OF APPROXIMATELY $9.5 BILLION

* 2019 FORECAST ASSUMES CURRENCY-NEUTRAL NET REVENUE GROWTH OF AT LEAST 6% ON A LIKE-FOR-LIKE BASIS

* PHILIP MORRIS - REVISED 2019 FORECAST REFLECTS NET IMPACT OF LOSS ON DECONSOLIDATION OF ROTHMANS, BENSON & HEDGES INC OF ABOUT $0.12/SHARE

* PHILIP MORRIS - REVISED 2019 FORECAST ALSO REFLECTS CANADIAN TOBACCO LITIGATION-RELATED EXPENSE OF ABOUT $0.09 PER SHARE

* FY2019 REVENUE VIEW $29.68 BILLION -- REFINITIV IBES DATA

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