Philip Morris International Inc. (PM) revised the company's full-year 2020 reported earnings per share forecast to be around $5.08, at prevailing exchange rates, compared to the prior forecast range of $5.03 to $5.08. Adjusted earnings per share, excluding currency, is anticipated to be $5.42, up around 6% from prior year.

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Philip Morris International Inc. (PM) revised the company's full-year 2020 reported earnings per share forecast to be around $5.08, at prevailing exchange rates, compared to the prior forecast range of $5.03 to $5.08. Adjusted earnings per share, excluding currency, is anticipated to be $5.42, up around 6% from prior year.

RTTNews | Dec 2, 2020 08:45AM EST

08:45 Wednesday, December 2, 2020 (RTTNews.com) - Philip Morris International Inc. (PM) revised the company's full-year 2020 reported earnings per share forecast to be around $5.08, at prevailing exchange rates, compared to the prior forecast range of $5.03 to $5.08. Adjusted earnings per share, excluding currency, is anticipated to be $5.42, up around 6% from prior year.

Philip Morris said the revision primarily reflects lower anticipated costs, driven by: further efficiencies related to the commercial engine and digitalization, ongoing business simplification, and adjustments to commercial plans due to the pandemic.

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