Market Overview

UPDATE: Lorillard Posts Rise In Q3 Profit

Related LO
Reynolds American's Disappointing Quarter Belies A Strong Growth Story
Weed This Week: Marijuana Usage Has Nearly Doubled Since 2013

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.

Posted-In: profitEarnings News


Related Articles (LO)

View Comments and Join the Discussion!

Navistar Announces 10M Share Offering Of Common Stock

BioLineRx to Conduct Interim Analysis of Phase II/III CLARITY Trial of BL-1020