Lorillard (LO -2.9%) trades down after its Q3 earnings missed on a per share basis, despite...

|By:, SA News Editor

Lorillard (LO -2.9%) trades down after its Q3 earnings missed on a per share basis, despite attempts to prop up weak margins with a share buyback. Overall revenue was weak, with net income down 2.5% Y/Y, as the cigarette maker struggles with difficult wholesale inventory patterns and declining smoking rates.