WINSTON SALEM, N.C. (AP) — Reynolds American reported a surge in second-quarter profit with cigarette prices and volume rising. The nation's second-biggest tobacco company topped Wall Street profit expectations, boosted its profit guidance and dividend and announced a 2-for-1 stock split. Net income more than tripled to $1.93 billion, or $3.38 per share. Earnings, adjusted for non-recurring gains, came to $1.02 per share, which was still 8 cents better than analysts had expected, according to a poll by Zacks Investment Research . The parent of Camel and Pall Mall cigarette maker R.J.
Reynolds American Beats 2q Profit Forecasts
Business Heds Index, Seattle Post-Intelligencer: Business
Tue, 07/28/2015 - 5:39am
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