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More on Philip Morris (PM) Q2 earnings: The strong dollar hurt results with EPS of $1.30 off...

More on Philip Morris (PM) Q2 earnings: The strong dollar hurt results with EPS of $1.30 off 4.4% Y/Y, but excluding currency movement, EPS would have been $1.37, up a hair from last year. Cigarette shipping volume of 228.9B units off 3.9% Y/Y. FY2013 EPS guidance is revised down to $5.43-$5.53 vs. the Street at $5.55. Unfavorable currency movement is expected to cost about $0.31/share. CC at 9ET. (PR)
Comments (3)
  • Michael Clark
    , contributor
    Comments (8362) | Send Message
    Bad weather too. It was cold somewhere, at some time. This kept people from getting to the store to buy cigarettes on time.
    18 Jul 2013, 08:55 AM Reply Like
  • doc47
    , contributor
    Comments (994) | Send Message
    Don't you love the same old excuses, no matter what the company! With interest rates remaining low, the dollar should not be much of a "headwind" the rest of the year. It will probably be the packaging requirements going forward. Just raise the dividend and leave me alone.
    18 Jul 2013, 10:26 AM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (2158) | Send Message
    I expect more from this co. Despite having a 'slam-dunk rep and future', misses are becoming the norm w/ PM. Not good.


    If they weren't inflating EPS w/ buybacks and raising the div the way they have, it's a good bet that this thing would be trading lower.
    18 Jul 2013, 09:45 PM Reply Like
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