By Matt Grossman

 

Philip Morris International Inc. adjusted its 2021 earnings guidance lower to account for unfavorable currency effects, though it maintained its previous forecast for earnings on an adjusted basis.

The New York City-based tobacco company said it now expects reported earnings of $5.74 to $5.79 a share in 2021, down from a previous per-share forecast of $5.77 to $5.82.

The company still expects adjusted earnings excluding currency effects of $5.84 to $5.89 a share.

Chief Executive Jacek Olczak said the company remains confident in its organic-growth trajectory through 2023.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

December 01, 2021 07:19 ET (12:19 GMT)

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