Reynolds American Third Quarter Profit Up 16 Percent

The nation's second-largest tobacco company says its third-quarter profits increased 16 percent because of sales of smokeless tobacco.

Reynolds American says it earned 358 million dollars, or $1.21 per share. That's up from 309 million dollars, or $1.05 per share, in the third quarter of 2006.

The profits matched Wall Street projections on the $1.21 per share, according to analysts polled by Thomson Financial.

Reynolds-American also cited higher cigarette prices. The company brands include Camel, Kool, Winston and Salem.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 10814811 - witn.com/a?a=10814811