STAMFORD, Conn. (AP) -- STAMFORD, Conn. (AP) -- Philip Morris International Inc. (PM) on Tuesday reported third-quarter net income of $3.48 billion.

The Stamford, Connecticut-based company said it had net income of $2.23 per share. Earnings, adjusted for one-time gains and costs, were $2.24 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.

Philip Morris expects full-year earnings in the range of $7.46 to $7.56 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PM at https://www.zacks.com/ap/PM