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Pricing, Weaker Dollar Lift Philip Morris  

Cigarette maker Philip Morris International said Wednesday that net income rose 23 percent in the second quarter, boosted by higher prices and the weaker dollar.

The company, which sells Marlboros outside the U.S., also raised its earnings forecast for this fiscal year.

Philip Morris International said quarterly profit rose to $1.82 billion, or 86 cents per share, from $1.48 billion, or 70 cents per share last year. Revenue, excluding excise taxes, was up 15 percent to $6.71 billion from $5.84 billion.

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