Lorillard Q2 Profit Rises - Quick Facts

(RTTNews) - Lorillard Inc. (LO) reported that its second-quarter net income increased to $313 million or $0.83 per share, from $284 million or $0.72 per share, last year. Adjusted net income increased to $307 million or $0.81 per share, from $287 million or $0.73 per share, last year. On average, nine analysts polled by Thomson Reuters expected the company to report profit of $0.80 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales rose to $1.80 billion, from $1.73 billion last year. Analysts expected revenue of $1.28 billion for the quarter.