Philip Morris Q3 income stream up 24% shares ahead 2% – In search of Alpha

Philip Morris Intercontinental (NYSE: PM) Q3 results:

Cigarette and heated tobacco device shipment quantity down 2.1%.

Ex-U.S. IQOS device market share up to 5.one%.

Revenues: $seven,642M (+one.8%).

EPS: $1.22 (-15.3%) non-GAAP EPS: $1.43 (-.7%).

Income movement ops: $2,083M (+23.8%).

2019 advice: EPS: at the very least $4.73 from at least $four.94 non-GAAP EPS: $5.14 (unchanged).  EPS outlook negatively impacted by asset impairment prices of ~$.04, Canadian litigation fees of ~$.09, ~$.20 linked to an excise and VAT tax audit in Russia and an unfavorable currency impression of $.14.

Shares up 2% premarket.

Previously: Philip Morris EPS beats by $.07, misses on income (Oct. 17)

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