Investing.com - Philip Morris (NYSE:PM) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Philip Morris announced earnings per share of $1.29 on revenue of $6.65B. Analysts polled by Investing.com anticipated EPS of $1.1 on revenue of $6.5B.
Philip Morris shares are down 14% from the beginning of the year , still down 19.16% from its 52 week high of $90.17 set on February 11. They are under-performing the S&P 500 which is up 0.65% from the start of the year.
Philip Morris follows other major Consumer/Non-Cyclical sector earnings this month
Philip Morris's report follows an earnings beat by Coca-Cola on Tuesday, who reported EPS of $0.42 on revenue of $7.15B, compared to forecasts EPS of $0.4 on revenue of $7.21B.
PepsiCo had beat expectations on July 13 with second quarter EPS of $1.32 on revenue of $15.95B, compared to forecast for EPS of $1.25 on revenue of $15.37B.
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