UPDATE: Philip Morris Q2 Earnings Down 8.3%

Philip Morris International

reported an 8.3% fall in its second-quarter earnings. Philip Morris's quarterly earnings fell to $2.1 billion, from $2.3 billion, in the year-ago period. Its revenue climbed 2.2% to $20.48 billion from $20.04 billion, while revenue excluding excise taxes fell 2.5% to $7.9 billion, versus analysts' estimates of $8.17 billion. Philip Morris's earnings per share came in at $1.30, versus analysts' estimates of $1.41 per share. Philip Morris expects full-year earnings of $5.43 to $5.53 per share, versus $5.17 in 2012. Philip Morris shares fell 3.02% to $87.00 in pre-market trading.