Philip Morris Sees 2020 EPS Around $5.08
By Michael Dabaie
Philip Morris International Inc. revised its full-year 2020
earnings per share guidance to be around $5.08.
This compares to the previous forecast range of $5.03 to $5.08
the company gave in October. The company cited lower anticipated
costs, driven by efficiencies related to the commercial engine and
digitalization, ongoing business simplification, and adjustments to
commercial plans due to the pandemic.
Philip Morris guided for 2020 adjusted EPS of $5.10, at the
upper end of October's forecast for a range of $5.05 to $5.10.
Write to Michael Dabaie at firstname.lastname@example.org
(END) Dow Jones Newswires
December 02, 2020 09:07 ET (14:07 GMT)
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