Consumer Goods Sector Announced Financial Results and Upcoming Earnings Releases - Research Report on Philip Morris, Altria, Lorillard, Reynolds American, and Beam

Tue Oct 22, 2013 8:01am EDT

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Consumer Goods Sector Announced Financial Results and Upcoming Earnings Releases - Research Report on Philip Morris, Altria, Lorillard, Reynolds American, and Beam

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NEW YORK, October 22, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Philip Morris International, Inc. (NYSE: PM), Altria Group Inc. (NYSE: MO), Lorillard, Inc. (NYSE: LO), Reynolds American Inc. (NYSE: RAI), and Beam, Inc. (NYSE: BEAM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Philip Morris International, Inc. Research Report

On October 17, 2013, Philip Morris International, Inc. (Philip Morris) announced its Q3 2013 financial results. Philip Morris reported that its net revenue increased 0.1% YoY to $7.9 billion, net earnings attributable to the Company stood at $2.3 million or $1.44 per diluted share for the period, compared to $2.2 million or $1.32 per diluted share in Q3 2012. Commenting on the news, CEO André Calantzopoulos said, "Our strong EPS and cash flow performance this quarter primarily reflected robust pricing. Our share momentum, particularly in the EU, partially offset weaker industry volumes. While the evolution of the macro-economic environment and tax-paid cigarette industry volume remain a challenge, our business fundamentals are solid and we continue to anticipate a strong final quarter. Our confidence in these fundamentals was further reflected in our announcement during the quarter of an increase in our regular quarterly dividend of 10.6%. Since the spin-off, we have increased the dividend every year by an accumulated 104.3% to reach an annualized rate of $3.76 per common share." Philip Morris revised its full-year 2013 reported diluted EPS forecast to be in a range of $5.35 to $5.40. The Full Research Report on Philip Morris International, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0270_PM]

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Altria Group Inc. Research Report

On October 10, 2013, Altria Group Inc. (Altria) announced that the Company will release its Q3 2013 results on October 24, 2013 through a press release at approximately 7:00 a.m. ET. The Company informed that it will also hold a live audio webcast on the same day at 9:00 a.m. ET to discuss its quarterly business results. Altria stated that that the webcast will be hosted by Marty Barrington, Altria's Chairman and CEO, and Howard Willard, Altria's Executive Vice President and CFO who will also answer questions from the investment community and news media. According to the Company, the webcast can be accessed at its website in a listen-only mode. The Full Research Report on Altria Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/fe4c_MO]

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Lorillard, Inc. Research Report

On October 10, 2013, Lorillard, Inc. (Lorillard) announced that it will release its Q3 2013 results on October 23, 2013. The Company informed that it will conduct a conference call on the same day at 9:00 a.m. ET, which will be hosted by Murray S. Kessler, Chairman, President and CEO, and David H. Taylor, Executive Vice President, Finance and Planning and CFO. The Company stated that the news release and a live webcast of the conference call can be accessed through the Investor Relations section of the Company's website. The Full Research Report on Lorillard, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d331_LO]

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Reynolds American Inc. Research Report

On October 8, 2013, Reynolds American Inc. (Reynolds American) announced that it will release its Q3 2013 financial results before the market opens on October 22, 2013. The Company informed that it will also hold a conference call on the same day at 9:00 a.m. ET, which will be hosted by President and CEO Daniel M. Delen, CFO Thomas R. Adams, and Vice President of Investor Relations Morris L. Moore. Reynolds American stated that conference call and its replay will be available on a listen-only basis on its website. The Full Research Report on Reynolds American Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d59b_RAI]

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Beam, Inc. Research Report

On October 15, 2013, Beam, Inc. (Beam) announced that it will host its Q3 2013 results conference call on October 31, 2013 at 10:00 a.m. ET which will feature comments on its Q3 2013 results by President and CEO Matt Shattock and CFO Bob Probst. Beam also informed that it plans to report its Q3 2013 results on the same day before the conference call. The Company stated that the live webcast of the call will be available under "Webcasts and Presentations" in the Investors section of Beam's web site. The Full Research Report on Beam, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e5e0_BEAM]

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