Philip Morris posts profit, raises outlook
Marlboro cigarette maker Philip Morris International Inc
posted higher-than-expected quarterly profit and raised its full-year outlook on Thursday, helped by price increases in some markets.
The world's largest non-state-owned tobacco company said profit was $1.80 billion, or 93 cents a share, in the third quarter, down from $2.08 billion, or $1.01 a share, a year earlier.
Analysts on average were expecting 91 cents a share, according to Thomson Reuters I/B/E/S.
The company said it expected to earn $3.20 to $3.25 per share in 2009, up from an earlier forecast of $3.10 to $3.20.
Analysts on average were expecting $3.24 per share for the year, according to Thomson Reuters I/B/E/S.
(Reporting by Martinne Geller; Editing by Lisa Von Ahn)
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