Vector Group (VGR) Misses Q1 EPS by 7c, Revenues Miss

Vector Group (NYSE: VGR) reported Q1 EPS of $0.08, $0.07 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $420.9 million versus the consensus estimate of $437 million.

• Adjusted EBITDA attributed to Vector Group Ltd. (as described in Table 2 attached hereto) were $49.7 million for the first quarter of 2019 compared to $50.4 million for the first quarter of 2018.
• Adjusted Net Income (as described in Table 3 attached hereto) was $13.0 million, or $0.08 per diluted share, for the first quarter of 2019, and $5.6 million, or $0.03 per diluted share for the first quarter of 2018.
• Adjusted Operating Income (as described in Table 4 attached hereto) was $42.6 million for the first quarter of 2019 compared to $42.5 million for the first quarter of 2018.

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

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