Investing.com - Philip Morris (NYSE:PM) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Philip Morris announced earnings per share of $1.48 on revenue of $7.83B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $6.66B.
Philip Morris shares are down 5% from the beginning of the year and are trading at $89.83 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 15.08% 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 PepsiCo on Tuesday, July 12, 2022, who reported EPS of $1.86 on revenue of $20.23B, compared to forecasts EPS of $1.74 on revenue of $19.51B.
Constellation Brands B had beat expectations on Thursday, June 30, 2022 with first quarter EPS of $2.66 on revenue of $2.36B, compared to forecast for EPS of $2.52 on revenue of $2.17B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar