Philip Morris (PM) Q3 Earnings and Revenues Surpass Estimates

Philip Morris (PM) came out with quarterly earnings of $2.36 per share, beating the Zacks Consensus Estimate of $2.3 per share. This compares to earnings of $2.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.61%. A quarter ago, it was expected that this seller of Marlboro and other cigarette brands would post earnings of $2.04 per share when it actually produced earnings of $2.2, delivering a surprise of +7.84%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Philip Morris, which belongs to the Zacks Tobacco industry, posted revenues of $11.