Philip Morris International (NYSE: PM) reported earnings on Oct. 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Philip Morris International missed estimates on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped slightly.

Gross margins grew, operating margins expanded, net margins dropped.

Revenue details
Philip Morris International chalked up revenue of $7.92 billion. The 11 analysts polled by S&P Capital IQ predicted sales of $8.24 billion on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $8.36 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.38. The 16 earnings estimates compiled by S&P Capital IQ anticipated $1.39 per share. GAAP EPS of $1.32 for Q3 were 2.2% lower than the prior-year quarter's $1.35 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 67.4%, 140 basis points better than the prior-year quarter. Operating margin was 46.2%, 170 basis points better than the prior-year quarter. Net margin was 28.1%, 30 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $8.01 billion. On the bottom line, the average EPS estimate is $1.23.

Next year's average estimate for revenue is $31.53 billion. The average EPS estimate is $5.20.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,871 members out of 2,931 rating the stock outperform, and 60 members rating it underperform. Among 815 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 803 give Philip Morris International a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Philip Morris International is outperform, with an average price target of $91.81.

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