Philip Morris (PM) Q1 2024 Earnings Report & Growth Outlook
Monday, 15 April 2024, 18:23
What to Expect from Philip Morris Q1 2024 Earnings
Shares of Philip Morris International Inc. (NYSE: PM) stayed red with a 6% drop year-to-date. The tobacco giant is set to report its Q1 2024 earnings, with analysts anticipating a revenue projection of $8.46 billion, up from $8 billion in the same period last year.
Revenue & Earnings
- Revenue: Analysts expect $8.46 billion for Q1, compared to $8 billion in Q1 2023.
- Earnings: Adjusted EPS guided at $1.37-1.42, with analysts predicting $1.41, an increase from $1.38 in Q1 2023.
Key Points: Philip Morris' smoke-free transformation is progressing well, driven by the growth of IQOS and ZYN. However, declining cigarette volumes remain a concern amidst industry challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.