Investing.com - Philip Morris (NYSE:PM) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.44 on revenue of $7.5B. Analysts polled by Investing.com expected EPS of $1.29 on revenue of $7.17B. That compared to EPS of $1.27 on revenue of $7.47B in the same period a year earlier The company had reported EPS of $1.41 on revenue of $7.73B in the previous quarter.
For the year, Philip Morris shares are down 20.09%, under-performing the S&P 500 which is up 4.68% year to date.
Philip Morris follows other major Consumer/Non-Cyclical sector earnings this month
On Thursday, PepsiCo (NASDAQ:PEP) reported fourth quarter EPS of $ on revenue of $, compared to forecasts of EPS of $1.49 on revenue of $19.55B.
Constellation Brands (NYSE:STZ) B earnings missed analyst's expectations on Wednesday, with third quarter EPS of $ on revenue of $. Investing.com analysts expected EPS of $2.16 on revenue of $1.92B
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