Philip Morris Sees Unfavorable Currency Impact on 2021 Results
December 01 2021 - 7:34AM
Dow Jones News
By Matt Grossman
Philip Morris International Inc. adjusted its 2021 earnings
guidance lower to account for unfavorable currency effects, though
it maintained its previous forecast for earnings on an adjusted
basis.
The New York City-based tobacco company said it now expects
reported earnings of $5.74 to $5.79 a share in 2021, down from a
previous per-share forecast of $5.77 to $5.82.
The company still expects adjusted earnings excluding currency
effects of $5.84 to $5.89 a share.
Chief Executive Jacek Olczak said the company remains confident
in its organic-growth trajectory through 2023.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
December 01, 2021 07:19 ET (12:19 GMT)
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