Philip Morris reaffirms FY13 reported EPS view $5.68-$5.78, consensus $5.78 Excluding an unfavorable currency impact of approximately 6c, the reported diluted EPS range represents a projected increase of 10%-12% versus adjusted diluted earnings per share of $5.22 in 2012. Currency volatility remains a risk going forward. Guidance to be reaffirmed at the CAGNY Conference.
Altria Group backs FY15 adjusted EPS $2.75-$2.80, consensus $2.80 Altria (MO) expects to record a one-time, pre-tax charge against reported earnings in Q1, reflecting the loss on early extinguishment of debt related to the tender offer. The final pre-tax charge will depend upon the pricing and amount of notes purchased in the tender offer. EPS guidance excludes the Charge as well as an approximate 2c per share provision that will be recorded by Philip Morris USA (PM) in Q1.