Reynolds American Inc. (RAI) reported that its first-quarter GAAP net income increased to $508 million or $0.92 per share, from $270 million or $0.47 per share, last year. Net sales decreased to $1.88 billion, from $1.93 billion last year. Adjusted profit per share was $0.72, up 14.3 percent from the prior-year quarter, as higher pricing and lower MSA expense more than offset cigarette volume declines and additional investments in innovations and brand-equity building, the company said.
On average, 12 analysts polled by Thomson Reuters expected the company to report profit of $0.69 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $1.92 billion for the quarter.
The company reaffirmed its 2013 adjusted profit per share guidance in the range of $3.15 to $3.30. Analysts expect the company toi report first-quarter profit per share of $3.20 on revenue of $8.30 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.