New Investments and Second Quarter Financial Results - Research Report on Philip Morris, Altria, Lorillard, Reynolds American and FEMSA PR Newswire NEW YORK, August 13, 2013 NEW YORK, August 13, 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 Fomento Economico Mexicano SAB (NYSE: FMX). 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 July 25, 2013, Philip Morris International Inc.'s (PMI) Poland based affiliate, Philip Morris Polska S.A. (PMP) announced its plans to invest more than PLN150 million (around $50 million) in the Malopolska region, for the construction of new manufacturing and office facilities to produce tobacco for roll-your-own cigarettes. PMI informed that it expects the construction of the new facilities to be complete by mid-2014 and the investment is expected to create c.700 new jobs. Managing Director for Philip Morris Poland and Baltic States, Olek Grzesiak, commented, "I am really pleased that Krakow was chosen by Philip Morris International (PMI) for yet another investment, which will further strengthen the position of our business in Poland and our ability to continue to compete efficiently and effectively in the European market." 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] -- Altria Group Inc. Research Report On July 23, 2013, The Altria Group Inc. (Altria) released its Q2 2013 and H1 2013 financial results. The Company's revenue (net of excise taxes) for Q2 2013 and H1 2013 fell 2.3% YoY to $3.9 billion and 1.7% YoY to $7.4 billion, respectively. Altria's Q2 2013 diluted EPS increased 5.0% YoY to $0.63 while H1 2013 diluted EPS increased 10.9% YoY to $1.32. Marty Barrington, Chairman and CEO of Altria said, "The Company's diverse business model delivered adjusted diluted earnings per share growth of 5.1% for the second quarter and 7.4% for the first half of the year. All three of our reportable segments delivered adjusted operating companies income and margin growth in the second quarter and first half. Nu Mark's plans for introducing MarkTen e-cigarettes into a lead market in August of this year are on-track." The Company stated that it revised its full year 2013 diluted EPS guidance from a range of $2.50-$2.56 to a range of $2.51-$2.56. 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] -- Lorillard Inc. Research Report On July 25, 2013, Lorillard Inc. (Lorillard) posted its Q2 2013 financial results with net sales of $1.8 billion, up 4.2% YoY. GAAP net income was $313 million or $0.83 per diluted share, in Q2 2013, compared to $284 million or $0.72 per diluted share, in Q2 2012. Murray S. Kessler, Lorillard Chairman, President and CEO stated, "I am pleased that, in a challenging external environment, Lorillard delivered another high quality earnings quarter marked by stable cigarette volumes, strong market share gains, tight cost control and continued success of the Company's strategic initiatives, like blu eCigs. As a result, Lorillard has grown adjusted EPS 12% during the first half of the year. With continued industry leading fundamentals, our plans to launch Newport Non-Menthol Gold, the continued success of blu eCigs and our recently increased share repurchase authorization, we are confident in our ability to continue our strong operational and financial performance throughout 2013 and into 2014." 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] -- Reynolds American, Inc. Research Report On July 24, 2013, Reynolds American Inc. (RAI) released its Q2 2013 results with net sales of $2.2 billion, up 0.1% YoY. Adjusted EPS stood at $0.84, up 6.3% YoY, due to higher cigarette and moist-snuff pricing and lower MSA (master settlement agreement) expense. Daniel M. Delen, RAI President and CEO said, "Profits increased at RJR Tobacco, American Snuff and Santa Fe, and their powerful key brands delivered solid market-share gains. Our companies' relevant business strategies, combined with efficient execution and superior consumer engagement, drove a successful first half for RAI despite continued economic and competitive challenges. For the full year, we remain on track for growth of 6 percent to 11 percent in adjusted earnings, compared with 2012's adjusted results." 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] -- Fomento Economico Mexicano SAB Research Report On July 25, 2013, Fomento Economico Mexicano SAB (FEMSA) presented its operational and financial results for Q2 2013 with revenue of Peso62.0 million, up 4.1% YoY. Income from operations grew 9.1% YoY to Peso7.3 million, reflecting growth at Coca-Cola FEMSA and FEMSA Comercio. Coca-Cola FEMSA income from operations grew 9.1% YoY, as a result of lower sugar prices combined with the appreciation of the Mexican peso as applied to Coca-Cola FEMSA's US dollar-denominated raw material costs. The Company also reported that FEMSA Comercio revenue increased 11.7% YoY and income from operations grew 6.7% YoY, which was mainly driven by 1,026 net newly opened stores in the past one year. The Full Research Report on Fomento Economico Mexicano SAB - 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/2af5_FMX] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. 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New Investments and Second Quarter Financial Results - Research Report on Philip Morris, Altria, Lorillard, Reynolds American
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