Philip Morris Int'l 4Q up nearly 8 percent

 

Published: February 9, 2012

RICHMOND, Va. (AP) — Cigarette maker Philip Morris International Inc.'s fourth-quarter net income grew nearly 8 percent as it commanded higher prices for its brands.

The seller of Marlboro and other brands outside the U.S. said Thursday it earned $1.88 billion, or $1.08 per share, for the period ended Dec. 31. That's up from $1.75 billion, or 96 cents per share, a year ago. Adjusted earnings were $1.10 per share...


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