Philip Morris International says net income rose 23 percent in the second quarter, boosted by higher prices and the weaker dollar.

The cigarette maker says quarterly profit rose to $1.82 billion, or 86 cents per share, from $1.48 billion, or 70 cents per share last year.

Revenue, excluding excise taxes, is up 15 percent to $6.71 billion from $5.84 billion last year.

Thomson Financial says analysts predicted a profit of 83 cents per share on revenue of $6.58 billion.

The New York-based company is raising its fiscal 2008 earnings forecast to $3.32 to $3.38 per share, from $3.18 to $3.24 per share previously. Analysts expect a profit of $3.25 per share.

Philip Morris International was spun off from Altria Group Inc. on March 28.