Philip Morris Revises Full-Year Profit View

Source from:  Market pulse 06/24/2010

Tobacco group Philip Morris Internatinal on Wednesday revised its forecast for 2010 full-year earnings per share to a range of $3.70 to $3.80. In April, the company forecast earnings between $3.75 and $3.85 a share. The company said the new guidance reflects an improved business outlook, in particular with regards to Japan, and the positive impact of the reversal of certain tax provisions, offset by adverse currency impact of 20 cents per share. Enditem