Philip Morris International Inc. Reaffirms FY 2012 EPS Guidance

Philip Morris International Inc. reaffirmed fiscal 2012 guidance and expects diluted earnings per share (EPS) forecast to be in a range of $5.10 to $5.20, compared to $4.85 in 2011. Forecasted total unfavorable currency of approximately $0.27 per share for the fiscal 2012 is up by an additional $0.02 per share compared to the unfavorable currency forecast previously announced on June 21, 2012. This additional forecasted unfavorable currency of $0.02 per share is expected to be fully offset by an anticipated improvement in business performance driven largely by Asia and EEMA. On a currency neutral basis, reported diluted earnings per share in fiscal 2012 are projected to increase by approximately 10% to 12% versus adjusted diluted earnings per share of $4.88 in 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $5.18 for fiscal 2012.