Philip Morris International’s Q2 Profit Falls

Philip Morris International Inc. (NYSE:PM) reported its second-quarter results, and its outlook for the full year today. Here are the highlights.

Quarterly Earnings

Reported earnings per share were $1.36 up 0.7 percent over 2011. However, this would have been up 16.8 percen, had it not been for the currency effect and the Japanese hurdle.

Operating income was down by 2.9 percent . . .

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