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Reynolds American Inc. (NYSE:RAI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.63%.
Reynolds American Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.8% to $0.76 in the quarter versus EPS of $0.72 in the year-earlier quarter.
Revenue: Decreased 0.24% to $2.08 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Reynolds American Inc. reported adjusted EPS income of $0.76 per share. By that measure, the company beat the mean analyst estimate of $0.73. It beat the average revenue estimate of $2.06 billion.
Quoting Management: For 2013, CEO Daniel Delen said that RAI expects full-year EPS growth in the range of 6 percent to 11 percent over 2012’s adjusted results. “This guidance reflects the favorable impact of the recent agreement in principle on the partial resolution of the Master Settlement Agreement NPM disputes related to the 2013 volume year,” he said. The proposed settlement is currently pending review by the arbitration panel.
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