Philip Morris raises 2026 EPS forecast after adjusted earnings grow 5.4%
Filed with the SEC on · Summarized by InvestorsBot
Philip Morris International reported third-quarter 2026 net revenue of $11.4 billion, up 5.5%, while reported diluted EPS fell 4.9% to $2.12 and adjusted diluted EPS rose 5.4% to $2.36. The company raised its 2026 adjusted diluted EPS forecast, excluding currency, to $8.11-$8.26, and increased its quarterly dividend 8.8% to $1.60 per share; growth was supported by smoke-free products and pricing, while higher U.S. ZYN investments and geopolitical cost pressures remain factors.