Cowen Upgrades Lorillard (LO) to Market Perform

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Lorillard Inc. (LO) Reports In-Line Q3 EPS

October 23, 2014 7:10 AM EDT

Lorillard Inc. (NYSE: LO) reported Q3 EPS of $0.90, in-line with the analyst estimate of $0.90. Revenue for the quarter came in at $1.831 billion, versus $1.827 billion reported last year.

"Lorillard delivered strong third quarter financial and operating results including robust Cigarettes segment adjusted operating profit and profit margin growth, continued... More