Lorillard Reported Cigarette Volumes Drop

On July 30 Lorillard presented report on its second-quarter 2014 results, which reflects earnings increase by 3.7% from the prior-year quarter and sales increase. Reduction of outstanding share count resulted in earnings growth. Due to low e-cigarettes sales, in the report there was no Zacks Consensus Estimate of 88 cents by 4.5%. The report showed a reduction by 0.3% in … Continue reading →