July 17, 1996 |
Philip Morris Cos. said Tuesday that its earnings climbed 15% in the second quarter, led by strong profit gains from its industry-leading tobacco business. The maker of Marlboro cigarettes said profits rose from its food business, which has brands like Kraft, Oscar Mayer and Maxwell House. But income slipped at its Miller Brewing business. Overall, Philip Morris earned $1.62 billion, or $1.97 a share, compared with $1.41 billion, or $1.67 a share, a year ago, matching Wall Street estimates.