Before Tuesday’s opening bell, Reynolds American (RAI ) reported lower fourth quarter profits, but matched analysts’ estimates.
RAI's Earnings in Brief
- RAI posted earnings of $148 million, or 28 cents per share, down from $292 million, or 54 cents per share, last year. Adjusted earnings were 87 cents per share, which matched analysts’ view.
- Revenue grew 4.7% to $2.13 billion, from $2.04 billion last year. Analysts expected to see sales of $2.14 billion.
- Looking ahead to FY2015, RAI expects to see adjusted EPS between $3.65 and $3.80. Analysts expect to see EPS of $3.71.
The company will pay its next 67 cent dividend on April 1. The stock is going ex-dividend on March 6.
Shares of RAI were mostly flat during pre-market trading Tuesday. The stock is up 6.5% YTD.