Philip Morris Q2 Earnings Beat Estimates Despite Soft Guidance for Q3 and FY
Philip Morris International (PM) reported better-than-expected second-quarter earnings, with non-GAAP EPS of $2.20 beating estimates by $0.15 and revenue reaching $11.19 billion, surpassing forecasts by $550 million. However, the company issued softer guidance for Q3 and FY 2024, which may impact investor sentiment.
Tickers: $PM
Topics: Earnings Tobacco Industry