(Adds other forecast details, company comment; updates stock activity)
Jump to full article: Reuters, 2008-03-11
Intro: Philip Morris International expects earnings per share to rise 10 percent to 12 percent annually in the long-term after the cigarette company gets spun off from Altria Group Inc later this month, it said on Tuesday.
At the same time, Altria said its remaining businesses -- Marlboro cigarette maker Philip Morris USA and a 28.6 percent stake in beer maker SABMiller PLC -- should post long-term annual earnings per share growth of 8 percent to 10 percent.
The forecasts came in a news release ahead of an analysts' meeting to lay out plans for the companies after the March 28 spinoff of Philip Morris International.
The remaining Altria business should provide annual shareholder returns of more than 12 percent, including its dividend, the company said.
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