Reynolds American Inc Reveals 43% Rise In Q2 Earnings

(RTTNews) - Reynolds American Inc (RAI) revealed earnings for its second quarter that climbed from last year.

The company said its bottom line rose to $828 million, or $0.58 per share. This was higher than $579 million, or $0.51 per share, in last year's second quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 33.3% to $3.20 billion. This was up from $2.40 billion last year.

Reynolds American Inc earnings at a glance:

-Earnings (Q2): $828 Mln. vs. $579 Mln. last year. -Earnings Growth (Y-o-Y): 43.0% -EPS (Q2): $0.58 vs. $0.51 last year. -EPS Growth (Y-o-Y): 13.7% -Analysts Estimate: $0.61 -Revenue (Q2): $3.20 Bln vs. $2.40 Bln last year. -Revenue Change (Y-o-Y): 33.3%

-Guidance: Full year EPS guidance: $2.26 - $2.34