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

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

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

Margins contracted across the board.

Revenue details
 Philip Morris International logged revenue of $7.92 billion. The 11 analysts polled by S&P Capital IQ expected revenue of $8.18 billion on the same basis. GAAP reported sales were much higher than the prior-year quarter's $8.12 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 $1.30. The 15 earnings estimates compiled by S&P Capital IQ predicted $1.41 per share. GAAP EPS of $1.30 for Q2 were 4.4% lower than the prior-year quarter's $1.36 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 25.5%, much worse than the prior-year quarter. Operating margin was 16.3%, much worse than the prior-year quarter. Net margin was 10.4%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $8.14 billion. On the bottom line, the average EPS estimate is $1.49.

Next year's average estimate for revenue is $31.99 billion. The average EPS estimate is $5.56.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,887 members out of 2,950 rating the stock outperform, and 63 members rating it underperform. Among 752 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 740 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 $98.01.

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