Philip Morris posts profit gain; announces buyback
Categories:
· Business
International:
· USA
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Source:http://www.marketwatch.com/,2010-02-15
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Philip Morris International on Thursday reported a fourth-quarter profit of $1.52 billion, or 80 cents a share, up from $1.45 billion, or 71 cents a share, in the same quarter of 2008. The company would have earned 81 cents a share on an adjusted basis. Revenue rose to $6.72 billion from $6.12 billion a year earlier. The average estimate of analysts polled by FactSet Research had been for the company to earn 79 cents a share on revenue of $6.54 billion. The tobacco giant also forecast 2010 earnings per share to be in a range of $3.75 to $3.85, up from $3.24 a share in 2009. In addition, Philip Morris announced a $12 billion share repurchase program. |
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Tobacco Hot news and Information...
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Tobacco firm to auction 5.5-acre Marol plot
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Source: http://www.hindustantimes.com/,2010-09-07 |
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One of the prime properties at Marol in Andheri, owned by Golden Tobacco Limited (GTL), has been put on the block for sale. The company will conduct an auction for its 5.5 acre plot on Tuesday. The reserve price for the plot has been fixed at Rs 50 crore by the company and they have taken a
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KT&G Joins With Imperial Tobacco Group
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Source: http://www.koreatimes.co.kr/,2010-09-03 |
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KT&G, South Korea's foremost tobacco company, sealed a partnership with Imperial Tobacco Group under which the former will manufacture products for the latter this year.
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Our very own Tobacco Road
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Source: http://www.southtownstar.com/,2010-05-20 |
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What do you get when local legislators can't get anything meaningful done but really want to show the folks at home they are working hard?
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