HALISTER: Philip Morris 1Q Adj. EPS Misses Ests., Raises Yr Adj EPS View

Philip Morris 1Q Adj. EPS Misses Ests., Raises Yr Adj EPS View

(Bloomberg) -- Philip Morris 1Q adj EPS 98c, est. $1.11.
  • 1Q rev. ex-excise tax $6.08b, est. $6.28b
  • 1Q cigarette shipment vol. of 196b units, down by 1.4% excluding acquisitions
  • Sees 2016 adj EPS $4.40-$4.50, est. $4.49
    • NOTE: Forecast $4.25-$4.35, includes 60c negative FX impact, excludes shr buybacks (Feb. 17)
  • Still sees 2016 intl cigarette vol., ex China & U.S., down 2.0%-2.5%
  • Conf. call 9am, (888) 694 4702
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Alert: HALISTER
Source: BFW (Bloomberg First Word)

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