Investing.com - Philip Morris (NYSE:PM) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Philip Morris announced earnings per share of $1.35 on revenue of $8.1B. Analysts polled by Investing.com anticipated EPS of $1.32 on revenue of $7.77B.
Philip Morris shares are up 3% from the beginning of the year, still down 2.26% from its 52 week high of $106.51 set on September 7, 2021. They are outperforming the Dow Jones which is down 1.57% from the start of the year.
Philip Morris follows other major Consumer Staples sector earnings this month
Philip Morris's report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
Coca-Cola had beat expectations on Thursday with fourth quarter EPS of $0.45 on revenue of $9.5B, compared to forecast for EPS of $0.4104 on revenue of $8.99B.
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