October 16, 2018 / 6:14 AM / a month ago

REFILE-British American Tobacco cuts revenue target for new products

(Correct date)

LONDON, Oct 16 (Reuters) - British American Tobacco , the second-biggest international tobacco company by revenue, cut its full-year revenue target for next-generation products on Tuesday, citing a flat market in Japan and a product recall in the United States.

The maker of Lucky Strike and Dunhill cigarettes said currency fluctuations would hurt its full-year adjusted earnings per share growth by 7 percent, assuming rates were unchanged for the rest of the year. On a constant currency basis, the company expects to exceed its target for high single-digit adjusted earnings per share growth. (Reporting by Martinne Geller Editing by Edmund Blair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below