Vector Group (VGR) Misses Q1 EPS by 7c, Revenues Miss
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Vector Group Reports First Quarter 2019 Financial Results
May 7, 2019 7:30 AM EDTMIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (NYSE: VGR) today announced financial results for the three months ended March 31, 2019.
GAAP Financial Results
First quarter of 2019 revenues were $420.9 million, compared to revenues of $429.0 million for the first quarter of 2018. The Company recorded operating income of $42.6 million for the first quarter of 2019, compared to operating income of $48.1 million for the first quarter of 2018. Net income attributed to Vector Group Ltd. for the first quarter of 2019 was $15.0 million, or $0.08 per diluted common share, compared to a net income of $7.2 million, or $0.04 per diluted common share, for the first quarter... More
