Philip Morris reports Q3 EPS $1.67, consensus $1.61

Reports Q3 revenue $9.14B, consensus $9.17B. “We delivered a very strong performance in the third quarter, surpassing $9 billion in quarterly net revenues for the first time and generating record quarterly adjusted diluted EPS of $1.67, representing currency-neutral growth of 20.3%,” said Jacek Olczak, CEO. This reflects continued excellent business momentum, driven by strong IQOS performance, resilient combustible trends and the exceptional growth of ZYN — which has surpassed our expectations yet again. As a result of our strong year-to-date delivery, we are raising our full-year growth outlook for adjusted diluted EPS to a range of 10.0% to 10.5%, excluding currency.”