NEW YORK (AP) -- Philip Morris International Inc. said Thursday that it expects its full-year earnings to come in at the high end of its forecast, but that still falls short of Wall Street's expectations.

The cigarette maker, which sells L&M, Parliament, Virginia Slims and Marlboros outside the United States, anticipates a profit between $3.20 and $3.25 per share for the year.

Analysts surveyed by Thomson Reuters, whose estimates typically exclude one-time items, predict 2009 earnings of $3.27 per share.

The company's stock slipped 27 cents to $50.25 in afternoon trading.