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.
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.
For comments and feedback: editorial@rttnews.com