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

The 10-second takeaway
 For the quarter ended June 30 (Q2), Philip Morris International met expectations on revenues and met expectations on earnings per share.

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

Gross margins improved, operating margins contracted, net margins dropped.

Revenue details
 Philip Morris International notched revenue of $8.12 billion. The 10 analysts polled by S&P Capital IQ anticipated revenue of $8.05 billion on the same basis. GAAP reported sales were 1.8% lower than the prior-year quarter's $8.27 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 $1.36. The 15 earnings estimates compiled by S&P Capital IQ forecast $1.35 per share. GAAP EPS of $1.36 for Q2 were 0.7% higher 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 67.2%, 160 basis points better than the prior-year quarter. Operating margin was 44.5%, 40 basis points worse than the prior-year quarter. Net margin was 28.5%, 60 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $8.28 billion. On the bottom line, the average EPS estimate is $1.38.

Next year's average estimate for revenue is $31.70 billion. The average EPS estimate is $5.19.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,854 members out of 2,912 rating the stock outperform, and 58 members rating it underperform. Among 812 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 803 give Philip Morris International a green thumbs-up, and nine 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 $90.95.

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