Philip Morris' earnings rose slightly in quarter

Article Abstract:

Philip Morris Cos. posted a slight improvement in its earnings for the first-quarter of 1999. The company's profits were hurt by reduced cigarette volumes in the US and by heavy spending on domestic promotions. Sluggish economic conditions in markets like Asia, Eastern Europe, and parts of Latin America also hurt Philip Morris' earnings. However, the company did do better-than-expected in Western Europe and Japan. Philip Morris posted $2 billion in underlying net income, compared to $1.9 billion the year before.

Comment:

Posts slight improvement in earnings for first-quarter of 1999

Abstract

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FleetBoston earnings fall 87% due to one-time charges

Article Abstract:

FleetBoston Financial Corp. posted a decline of 87% in its earnings for the 2001 first-quarter. The company posted $142 million (160.3 million euros) in earnings for the period.

FleetBoston Financial Corp., FBF

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Philip Morris profit grew 8.3% in quarter

Article Abstract:

Philip Morris Cos. posted an increase of 8.3% in its 2000 fourth-quarter net income. The company posted $2.01 billion (2.15 billion euros) in net income for the period.

MO

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