Lorillard, Inc. (NYSE:LO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased 13.79% to $0.66 in the quarter versus EPS of $0.58 in the year-earlier quarter. Revenue Decreased 25.82% to $1.13 billion from the year-earlier quarter.
Lorillard, Inc. reported adjusted EPS income of $0.66 per share. By that measure, the company beat the mean analyst estimate of $0.64. It beat the average revenue estimate of $1.11 billion.