Investors Ride 4 Earnings Rollercoaster Rides
Lorillard, Inc. (NYSE:LO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased 9.72% to $0.79 in the quarter versus EPS of $0.73 in the year-earlier quarter. Revenue decreased 25.23% to $1.21 billion from the year-earlier quarter.
Lorillard, Inc. reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $1.16 billion.