Philip Morris International Inc posted better-than-expected quarterly profit on Wednesday as the maker of the top-selling Marlboro brand shipped more cigarettes and was helped by the weak dollar.

The company also raised its full-year profit forecast.

Philip Morris International, which was spun off from Altria Group Inc (MO.N: Quote, Profile, Research, Stock Buzz) at the end of March, said second-quarter profit rose to $1.82 billion, or 86 cents a share, from $1.48 billion, or 70 cents a share, a year earlier.

Analysts' average forecast was 83 cents a share, according to Reuters Estimates.

Revenue, excluding excise taxes, rose 15 percent to $6.71 billion. Analysts, on average, had forecast $6.57 billion.

"The report looked good on all fronts," Charles Norton, portfolio manager for the Vice Fund VICEX.O, said. "Every single part of the report illustrated to us that they continue to fire on all cylinders, much more so than this unit was doing pre-spinoff."