UPDATE 1-Philip Morris quarterly profit misses estimates

* EPS $0.90 vs Wall St $0.93 view

* Cigarette volume up 0.7 percent

CHICAGO, April 22 (BestGrowthStock) – Philip Morris International
(PM.N: ) posted a quarterly profit below Wall Street estimates,
pressured by weakness in markets like Turkey and Romania that
have been hit by the struggling economy and excise tax
increases.

The world’s largest non-state-owned cigarette maker also
stood by its full-year earnings forecast, which could fall
below many analysts’ estimates.

First-quarter profit (Read more your timing to make a profit.) rose to $1.75 billion, or 90 cents a
share, from $1.52 billion, or 74 cents a share, a year
earlier.

Analysts on a average expected the Marlboro cigarette maker
to earn 93 cents a share, according to Thomson Reuters
I/B/E/S.

The company shipped 204.7 billion cigarettes, up 0.7
percent from a year earlier.

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(Reporting by Brad Dorfman; Editing by Lisa Von Ahn)

UPDATE 1-Philip Morris quarterly profit misses estimates