7.0 magnitude earthquake shakes southern Philippines

The quake occurred at 11:39 a.m. about 120 miles southeast of Mindanao's largest city, Davao, and approximately 62 miles southeast of the city of Pondaguitan.

The US Pacific Tsunami Warning Center has warned of a tsunami threat for parts of the Pacific that were closer to the earthquake. The coasts of Indonesia, the Philippines and Palau may see tsunami waves of less than a foot above tide levels.

The Philippines Institute of Volcanology and Seismology has advised the public to stay away from the coast as "minor sea level disturbances" are expected until 2 p.m.

The USGS initially said the earthquake was 7.2 magnitude and later revised that number to 6.9 and then to 7.0

Developing story, more to come.

CNN's Carly Walsh contributed to this report.

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