NEW YORK (AP) _ Philip Morris International Inc. (PM) on Thursday reported first-quarter net income of $2.33 billion.

On a per-share basis, the New York-based company said it had net income of $1.50. Earnings, adjusted for non-recurring costs, were $1.56 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The seller of Marlboro and other cigarette brands posted revenue of $19.34 billion in the period. Its adjusted revenue was $7.75 billion, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $7.28 billion.

Philip Morris expects full-year earnings in the range of $5.45 to $5.56 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PM at https://www.zacks.com/ap/PM

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