Reynolds American Inc Reports 58% Gain In Q1 Profit

(RTTNews) - Reynolds American Inc (RAI) reported earnings for its first quarter that increased from last year.

The company said its bottom line advanced to $721 million, or $0.50 per share. This was higher than $457 million, or $0.43 per share, in last year's first quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 41.7% to $2.92 billion. This was up from $2.06 billion last year.

Reynolds American Inc earnings at a glance:

-Earnings (Q1): $721 Mln. vs. $457 Mln. last year. -Earnings Growth (Y-o-Y): 57.8% -EPS (Q1): $0.50 vs. $0.43 last year. -EPS Growth (Y-o-Y): 16.3% -Analysts Estimate: $0.50 -Revenue (Q1): $2.92 Bln vs. $2.06 Bln last year. -Revenue Change (Y-o-Y): 41.7%

-Guidance: Full year EPS guidance: $2.25 - $2.35