Reynolds American, Inc. Earnings Recap: RAI Beats Street

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Reynolds American, Inc. (NYSE:RAI) has released its earnings report for the first quarter of 2015.

reynolds-american-inc-raiThe first quarter earnings report for Reynolds American includes adjusted earnings per share of 86 cents. This is up roughly 19% from the 72 cents reported during the same time last year. Reported earnings per share were 73 cents, which is a 9% increase over the 67 cents reported in Q1 2014.

For the first quarter of 2015, Reynolds American reported net sales of $2.05 billion. This beat out its $1.93 billion reported the same time last year. It’s adjusted net income for Q1 2015 was $457 million, which is about 18% above the $386 million reported in Q1 2014.

Analysts were expecting Reynolds American to report adjusted earnings per share of 80 cents. The company was also expected to report net sales of $1.98 billion, reports MarketWatch.

RAI shares were largely unaffected by news that it beat analysts’ estimates.

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