NEW YORK (TheStreet) -- Shares of Philip Morris International Inc. are higher by 7.76% to $84.19 in mid-morning trading on Thursday, after the tobacco producer reporter better than expected earnings results for the 2015 first quarter. For the most recent quarter Philip Morris said its adjusted earnings fell by 2.5% to $1.16 from the 2014 first quarter, but exceeded the consensus estimate of $1.01 per share. The company reported net revenue of $6.6 billion, a decline of 4.4% from the same period last year. Analysts forecast for revenue of $6.13 billion for the quarter ended March 2015. Philip Morris guided for full year 2015 earnings between $4.32 per share and $4.42 per share, while analysts are expecting earnings of $4.26 for the current year. Philip Morris International is a New York City-based global cigarette and tobacco company with brands including Marlboro, Philip Morris, Merit, Parliament, and Virginia Slims. Separately, TheStreet Ratings team rates PHILIP MORRIS INTERNATIONAL as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate PHILIP MORRIS INTERNATIONAL (PM) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, weak operating cash flow and a generally disappointing performance in the stock itself." You can view the full analysis from the report here: PM Ratings Report PM data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015
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