Investing.com - Philip Morris (NYSE:PM) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Philip Morris announced earnings per share of $1.57 on revenue of $7.59B. Analysts polled by Investing.com anticipated EPS of $1.54 on revenue of $7.66B.
Philip Morris shares are up 18% from the beginning of the year and are trading at $97.93 , down-from-52-week-high.They are outperforming the S&P Global 100 which is up 14.21% 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 PepsiCo on Tuesday, July 13, 2021, who reported EPS of $1.72 on revenue of $19.22B, compared to forecasts EPS of $1.53 on revenue of $17.96B.
Constellation Brands B had missed expectations on Wednesday, June 30, 2021 with first quarter EPS of $2.33 on revenue of $2.03B, compared to forecast for EPS of $2.35 on revenue of $2.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar