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EARNINGS

April 21, 1993

Philip Morris Cos. said its first-quarter earnings rose 10.8%, with gains in all but the company's domestic tobacco business. The food, beer and tobacco giant earned $1.22 billion, or $1.38 a share, up from $1.10 billion, or $1.20, a year earlier. Sales rose to $15.19 billion from $14.05 billion.

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