Vector Group (VGR) Tops Q1 EPS by 3c
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Vector Group Reports First Quarter 2017 Financial Results
May 5, 2017 6:00 AM EDTMIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (NYSE: VGR) today announced financial results for the three months ended March 31, 2017.
GAAP Financial Results
First quarter of 2017 revenues were $415.2 million, compared to revenues of $380.8 million in the first quarter of 2016. The Company recorded operating income of $52.9 million in the first quarter of 2017, compared to operating income of $62.2 million in the first quarter of 2016. Net loss attributed to Vector Group Ltd. for the first quarter of 2017 was $4.2 million, or $(0.03) per diluted common share, compared to net income of $19.3 million, or $0.15 per diluted common share, in the first quarter of 2016.... More
