Philip Morris: Q1 Earnings Snapshot

Published: 2026-04-22 07:58:08 ET PM

Published on 04/22/2026 at 07:58 am EDT

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Philip Morris International Inc. (PM) on Wednesday reported first-quarter net income of $2.44 billion.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.56. Earnings, adjusted for non-recurring costs and asset impairment costs, were $1.96 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.

Philip Morris expects full-year earnings in the range of $8.36 to $8.51 per share.

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