Lorillard Inc. (LO) reported that its first-quarter net income rose to $328 million or $0.86 per share, from $223 million or $0.57 per share last year. Adjusted net income increased to $251 million or $0.66 per share, from $229 million or $0.58 per share, last year.
Net sales were $1.58 billion, compared to $1.53 billion last year. Net sales increased $51 million or 3.3% due to net sales of electronic cigarettes of $57 million, partially offset by a decrease in net sales of cigarettes of $6 million.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.64 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $1.11 billion for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
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.