Investing.com - Philip Morris (NYSE:PM) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.46 on revenue of $7.7B. Analysts polled by Investing.com anticipated EPS of $1.32 on revenue of $7.38B. That compared to EPS of $1.41 on revenue of $7.73B in the same period a year earlier. The company had reported EPS of $1.09 on revenue of $6.75B in the previous quarter.
For the year, Philip Morris shares are up 21.43%, outperforming the S&P 500 which is up 20.49% year to date.
Philip Morris follows other major Consumer/Non-Cyclical sector earnings this month
On Tuesday, July 9, 2019, PepsiCo reported second quarter EPS of $1.54 on revenue of $16.45B, compared to forecasts of EPS of $1.5 on revenue of $16.43B.
Constellation Brands B earnings beat analyst's expectations on Friday, June 28, 2019, with first quarter EPS of $2.21 on revenue of $2.1B. Investing.com analysts expected EPS of $2.05 on revenue of $2.07B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar