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· Business (Tobacco)
· Smokeless
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· RJR
· Conwood
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Full Year 2007 Reported EPS up 8.0%; Adjusted EPS up 12.6% RAI Issues 2008 Forecast
Jump to full article: PR Newswire, 2008-02-07
Author: SOURCE Reynolds American Inc.
Intro: Reynolds American Inc. (NYSE: RAI) today announced strong
fourth-quarter and full-year 2007 earnings gains on both a reported and
adjusted basis as increased pricing, moist-snuff volume and productivity
more than offset lower cigarette volume and higher settlement expense.
Results also reflect inclusion of the first full year of Conwood's results
and that company's continued growth. RAI's full-year 2007 adjusted EPS of
$4.57 was 12.6 percent higher than the prior year. For full-year 2008, RAI
forecasts mid-single- digit percentage growth from 2007 adjusted EPS.
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