Philip Morris No 3 cash flow up 24%; shares ahead 2% – Looking for alpha

Philip Morris international (NYSE:PM) the Results of the 3rd quarter:

The volume of shipments of cigarettes and heated tobacco products decreased by 2.1%.

Market share of the stock ex-U. S. I OS to 5.1%.

Revenue: $7,642 Million (1.8%).

Cash flow: $2,083 Million (23.8%).

2019 Guidance: EPS: at least $ 4.73, at least $ 4.94; non-GAAP EPS: $5.14 (unchanged). the EPS Outlook negatively impacted asset impairment charges of EUR 0.04, canadian litigation costs of EUR 0.09, EUR 0.20 related to excise and VAT audit in Russia and adverse currency impact of $0.14.

Shares up to 2% premarket.

Earlier: Philip Morris EPS hits $ 0.07, misses on earnings (October 17)

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