Thursday, Reynolds American Inc. (RAI) reported fourth-quarter net income of $215 million or $0.74 per share, compared to $258 million or $0.88 per share in the same quarter last year.
On an adjusted basis, net income was $321 million or $1.10 per share, compared to $370 million or $1.27 per share in the year ago quarter.
The company noted that the decline in quarterly results were primarily driven by higher pension expense.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $1.16 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter declined 3.7% to $2.10 billion from $2.18 billion in the comparable quarter last year. Analysts expected the company to report revenue of $2.07 billion for the quarter.
Looking ahead to the full year 2010, the company expects earnings in the range of $4.80 - $5.00 per share, reflecting mid-single-digit percentage growth. Analysts currently anticipate the company to earn $4.95 per share for the full year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.