RTTNews | Oct 20, 2020 07:22AM EDT

07:21 Tuesday, October 20, 2020 (RTTNews.com) - Philip Morris International (PM) released a profit for its third quarter that increased from the same period last year.

The company's bottom line totaled $2.31 billion, or $1.48 per share. This compares with $1.90 billion, or $1.22 per share, in last year's third quarter.

Analysts had expected the company to earn $1.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.6% to $7.52 billion from $7.64 billion last year.

Philip Morris International earnings at a glance:

-EPS (Q3): $1.51 vs. $1.43 last year.-Analysts Estimate: $1.36-Revenue (Q3): $7.52 Bln vs. $7.64 Bln last year.

-Guidance:Full year EPS guidance: $5.37 - $5.42

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