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Reynolds American Q3 reported EPS $0.46

Staff writer ▼ | October 27, 2015
Reynolds American (RAI) announced third-quarter 2015 reported EPS of $0.46, up 4.5 percent from the prior-year quarter.
Reynolds American
Reynolds American   Adjusted Q3 EPS was $0.55
Adjusted third-quarter EPS was $0.55, up 17.0 percent. Adjusted results exclude charges for implementation costs, and asset impairment and exit costs.

For the first nine months of 2015, reported EPS was $2.45, up 99.2 percent from the prior-year period. Nine-month adjusted EPS was $1.50, up 18.1 percent from the prior-year period.

This excludes the above-referenced items, as well as charges for transaction-related and financing costs for the Lorillard acquisition and related divestiture, Engle progeny lawsuits, and tobacco-related and other litigation, and a benefit from the 2003 NPM adjustment claim and a gain on divestiture.

RAI tightened 2015 adjusted EPS guidance to a range of $1.94 to $2.00, up 13 percent to 17 percent from 2014’s adjusted EPS of $1.71. Guidance excludes the above-referenced items.