News for Philip Morris
Feb 11 · 2:13:00 PM · Source: Company Press Release
Full-year reported diluted earnings per share of $3.24 versus $3.31 in 2008. Fourth-quarter reported diluted earnings per share of $0.80 versus $0.71 in 2008. Forecasts 2010 full-year reported diluted earnings per share to be in a range of $3.75 to $3.85. Announced a new share repurchase program of $12 billion over 3 years to commence in May 2010. Net revenues of $25.0 billion were down by 2.6% for the full-year 2009, due to unfavorable currency
of $2.6 billion. Excluding currency, net revenues increased by 7.5% for the full year, driven by favorable
pricing of $2.0 billion across all business segments,
This report was a home run. Although sales were relatively flat for the year, earnings were up. Plus, the forecast for 2010 is impressive. And the stock repurchase program shows the company has a lot of confidence.
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by Rich Pike
Dec 9 · 1:06:00 PM
Philip Morris Intl declared a regular quarterly dividend in the amount of $.58 per share payable January 11, 2010 to shareholders of record on December 28, 2009, ex-dividend date December 23, 2009.
At today's $48.88 stock price the dividend yield is 4.75%.
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by Rich Pike
Oct 22 · 10:12:00 AM · Source: Dow Jones
Philip Morris International Inc.'s (PM) third-quarter profit fell a less-than-expected 13%, as cigarette sales remained weak. The company reported third-quarter earnings of $1.8 billion, or 93 cents a share, down from $2.08 billion, or $1.01, a year earlier. The prior-year had an 8-cent boost from currency changes. Revenue fell 4.6% to $16.57 billion, and revenue excluding excise taxes fell 5.3% to $6.59 billion. Excluding currency effects, revenue without taxes jumped 6.9%.
The Altria Group Inc. (MO) spinoff, which operates completely outside the U.S., raised its full-year earnings target to between $3.20 and $3.25 a share from $3.10 and $3.20 a share, reflecting better fundamentals and a lesser impact from foreign-currency exchange, given the weaker dollar.
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by Larry Etter
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