Market Currents

• Monday, October 26, 2009

• 07:44 AM Lorillard (LO): Q3 EPS of $1.44 misses by $0.08. Revenue of $1.42B (+26.1%) vs. $1.32B. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ACV, GLW, LO, MHP, NOV, ONB, RSH, TLAB, VZ, WRI Comment!

• Monday, July 27, 2009

• 08:07 AM Lorillard (LO): Q2 EPS of $1.71 beats by $0.28. Revenue of $1B (+16.6%) vs. $969M. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: AET, ANR, EPD, FCL, GLW, HON, ICO, LO, RSH, SOHU, TLAB, VZ 1 Comment

• Wednesday, June 10, 2009

• 07:36 AM The Senate is poised to put the tobacco industry under FDA regulation. It's good news for dominant Philip Morris (MO) since the new restrictions will make it harder for rivals to gain attention. Smaller firms like Lorillard (LO) and Reynolds American (RAI) cry foul. Comment!

• Monday, April 27, 2009

• 07:55 AM Lorillard (LO): Q1 EPS of $1.09 misses by $0.06. Revenue of $917M (-0.4%) vs. $865M. (PR) 1 Comment
• 00:05 AM Notable earnings before Monday's open: BEAV, CHKP, EPD, GLW, HUM, IMA, LO, OMC, QCOM, SII, TKR, VZ, WHR Comment!

• Sunday, March 22, 2009

• 03:44 AM Lorillard (LO) is an appealing takeover target on the strength of its Newport cigarette brand, writes Barron's Andrew Bary, but even without a deal, Lorillard is a cheap stock that deserves to trade around 30% higher. Comment!

• Monday, February 9, 2009

• 07:41 AM Lorillard (LO): Q4 EPS of $1.53 beats by $0.16. Revenue of $1.09B (+17.3%) vs. $0.93B consensus. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: AG, ARE, BZH, ENER, HAS, HEW, LO, NYX, ROH, SOHU, WHR, WRB Comment!

• Tuesday, January 6, 2009

• 15:49 PM NY Times' Coming Down on Tobacco may have temporarily re-ignited tobacco-related investor concerns, but it raises no new issues or threats, Morgan Stanley says, adding FDA legislation of tobacco under Obama is far from a done deal. Rough day for the group: PM -3%. RAI -6.7%. LO -2.5%. MO -1.8%. Comment!

• Monday, December 15, 2008

• 10:40 AM The lawsuits against tobacco companies for deceptive marketing of 'light' cigarettes are valid and may proceed, the Supreme Court rules. MO -1.6%. RAI -1.75%. PM -1.7%. LO -4.2%. Comment!

• Monday, October 27, 2008

• 07:36 AM Lorillard (LO): Q3 EPS of $11.38 beats by $0.03. Revenue of $1.13B (+7.8%) vs. $1.03B. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: ACI, BEAV, EXP, FPL, HUM, LO, ONB, PENN, SOHU, TDW, VZ Comment!

• Monday, July 28, 2008

• 08:21 AM Lorillard (LO): Q2 EPS of $1.25 misses by $0.10. Revenue of $1.07B (+1.3%) in-line. [PR] Comment!

• Thursday, July 17, 2008

• 09:42 AM A new study claims tobacco makers (MO, LO) are tweaking their menthol levels to hook youngsters with milder brands - and keep them addicted with juiced-up levels. Comment!