UPDATE: Lorillard Posts Rise In Q3 Profit
Lorillard (NYSE: LO) reported a rise in its third-quarter profit.
Lorillard's quarterly profit climbed to $283 million, or $2.16 per share, versus $267 million, or $1.94 per share, in the year-earlier period.
Its revenue surged to $1.66 billion, from $1.62 billion. However, analysts were expecting earnings of $2.23 per share on revenue of $2 billion.
Lorillard shares closed at $115.78 yesterday.
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