Vector Group (VGR) Tops Q3 EPS by 3c, Revenues Beat

Vector Group (NYSE: VGR) reported Q3 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $513.9 million versus the consensus estimate of $495.7 million.

• Third quarter of 2018 Adjusted EBITDA attributed to Vector Group (as described in Table 2 attached hereto) were $69.9 million compared to $65.4 million for the third quarter of 2017.
• Adjusted Net Income (as described in Table 3 attached hereto) was $21.0 million or $0.14 per diluted share for the third quarter of 2018 and $22.1 million or $0.15 per diluted share for the third quarter of 2017.
• Adjusted Operating Income (as described in Table 4 attached hereto) was $66.4 million for the third quarter of 2018 compared to $59.9 million for the third quarter of 2017.

For earnings history and earnings-related data on Vector Group (VGR) click here.

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