Philip Morris International, raised full-year profit forecast

Philip Morris International, raised full-year profit forecast SAN FRANCISCO, Nov. 17 morning news, the tobacco giant Philip Morris InternationalInc. on Wednesday (11.16) raised 2011 earnings expectations, mainly on account ofstrong growth in developing markets. The company expected its full-year earnings per share from the previous 4.75 - $ 4.80raised to $ 4.85, higher than the accepted average, analysts polled by FactSet expected $ 4.82. In addition, the company said, unless unforeseen major obstacles, or 2012 adjustedearnings per share will grow 10 - 12% of the target. The next five years, the company expects not including the U.S. cigarette industry sales will grow 1.3% annually, thanks to Chinese and non-OECD market growth.