Key facts
- Third-quarter revenue rose 5.5% to $11.44 billion.
- Adjusted profit for the quarter was $2.36 per share.
Philip Morris International Inc. surpassed Wall Street's third-quarter expectations for sales and profit, driven by robust demand for its smoke-free product portfolio. The company's revenue for the quarter increased by 5.5% to $11.44 billion, exceeding the $11.28 billion estimated by analysts. Adjusted earnings per share came in at $2.36, higher than the consensus estimate of $2.29 per share. Key products contributing to this performance included Zyn nicotine pouches and IQOS heated tobacco devices.