India, July 22 -- Philip Morris International, Inc. (PM) reported Wednesday that net earnings attributable to PMI for the second declined to $1.80 per share from $1.95 per share in the prior-year quarter.
Excluded items, adjusted earnings for the quarter were $2.20 per share, compared to $1.91 per share in the year-ago quarter. Excluding currency, adjusted earnings were $2.17 per share.
Net revenues for the quarter increased 10.4 percent to $11.19 billion from $10.14 billion in the same quarter last year. Organic revenue growth was 7.6 percent.
For the third quarter, the company expects adjusted earnings in a range of $2.20 to $2.25 per share.
For fiscal 2026, the company now projects earnings in a range of $7.19 to $7.34 per share and ...