NEW YORK CITY (dpa-AFX) - Philip Morris International Inc. (PM) revised the company's full-year 2020 reported earnings per share forecast to be around $5.08, at prevailing exchange rates, compared to the prior forecast range of $5.03 to $5.08. Adjusted earnings per share, excluding currency, is anticipated to be $5.42, up around 6% from prior year.
Philip Morris said the revision primarily reflects lower anticipated costs, driven by: further efficiencies related to the commercial engine and digitalization, ongoing business simplification, and adjustments to commercial plans due to the pandemic.
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