STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Philip Morris International Inc. (PM) on Thursday reported a loss of $579 million in its fourth quarter.
On a per-share basis, the Stamford, Connecticut-based company said it had a loss of 38 cents. Earnings, adjusted for non-recurring costs, came to $1.55 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
Philip Morris expects full-year earnings in the range of $7.04 to $7.17 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PM at https://www.zacks.com/ap/PM
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