STAMFORD, Conn. (AP) 鈥� STAMFORD, Conn. (AP) 鈥� Philip Morris International Inc. (PM) on Wednesday reported second-quarter net income of $2.82 billion.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.80. Earnings, adjusted for non-recurring costs and amortization costs, were $2.20 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.
Philip Morris expects full-year earnings in the range of $8.26 to $8.41 per share.
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