Investing.com - Philip Morris (NYSE:PM) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Philip Morris announced earnings per share of $1.58 on revenue of $8.12B. Analysts polled by Investing.com anticipated EPS of $1.56 on revenue of $7.92B.
Philip Morris shares are up 17% from the beginning of the year and are trading at $97.45 , down-from-52-week-high.They are under-performing the S&P 500 which is up 19.45% 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 Procter&Gamble on Tuesday, who reported EPS of $1.61 on revenue of $20.34B, compared to forecasts EPS of $1.59 on revenue of $19.79B.
PepsiCo had beat expectations on Tuesday, October 5, 2021 with third quarter EPS of $1.79 on revenue of $20.19B, compared to forecast for EPS of $1.73 on revenue of $19.39B.
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