Philip Morris International (NYSE: PM) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Philip Morris International beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.

Margins increased across the board.

Revenue details
Philip Morris International chalked up revenue of $7.45 billion. The 11 analysts polled by S&P Capital IQ expected net sales of $7.21 billion on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $6.79 billion.

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

EPS details
Non-GAAP EPS came in at $1.27. The 15 earnings estimates compiled by S&P Capital IQ anticipated $1.20 per share on the same basis. GAAP EPS of $1.25 for Q1 were 18% higher than the prior-year quarter's $1.06 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 67.2%, 100 basis points better than the prior-year quarter. Operating margin was 45.8%, 130 basis points better than the prior-year quarter. Net margin was 29.0%, 70 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $8.18 billion. On the bottom line, the average EPS estimate is $1.39.

Next year's average estimate for revenue is $32.00 billion. The average EPS estimate is $5.30.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,798 members out of 2,857 rating the stock outperform, and 59 members rating it underperform. Among 754 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 747 give Philip Morris International a green thumbs-up, and seven 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 $85.43.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Philip Morris International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.