=Philip Morris (PM) reported earnings on Thur 2 Feb 2017 (b/o)

Philip Morris International misses by $0.01, beats on revs; guides FY17 EPS in-line  :

• Reports Q4 (Dec) earnings of $1.10 per share, $0.01 worse than the Capital IQ Consensus of $1.11; revenues rose 9.1% year/year to $6.97 bln vs the $6.62 bln Capital IQ Consensus.
  • Cigarette shipment volume of 200.6 billion units, down by 4.4%
  • HeatSticks shipment volume of 3.7 billion units, up from 62 million units in 2015
• Co issues in-line guidance for FY17, sees EPS of $4.70-4.85 vs. $4.74 Capital IQ Consensus Estimate.
• "We have entered 2017 confident that our base business fundamentals are in robust shape, and increasingly excited by the tremendous potential of our RRP portfolio to materially accelerate our overall business and contribute significantly to our commitment to generously reward our shareholders in the years to come."