Lorillard earnings fall to $1.25 a share in quarter

[MoneyGuy]

NEW YORK (MarketWatch) -- Lorillard Inc. said Monday that second-quarter net income fell to $217 million, or $1.25 a share, compared to $239 million, or $1.37 a share, in the same period a year ago. Sales edged higher in the period to $1.07 billion, compared to $1.06 billion. On average, analysts polled by FactSet Research estimated earnings per share of $1.38 in the period on sales of $992.6 million.

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