Philip Morris (PM) Lags Q4 Earnings Estimates

Philip Morris (PM) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.56%. A quarter ago, it was expected that this seller of Marlboro and other cigarette brands would post earnings of $1.61 per share when it actually produced earnings of $1.67, delivering a surprise of 3.73%.Over the ...