Lorillard (LO) Misses Q1 EPS by 3c

Lorillard (NYSE: LO) reported Q1 EPS of $0.69, $0.03 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.19 billion.

• Total Lorillard retail market share of cigarettes exceeded 15% for the first time ever, increasing 0.3 share points from last year to 15.2%.
• Newport retail market share reached 13.0% for the first time ever, increasing 0.4 share points versus last year.

For earnings history and earnings-related data on Lorillard (LO) click here.

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