Vector Group Ltd (VGR) Releases Earnings Results, Beats Expectations By $0.01 EPS

Vector Group Ltd (VGR) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.15. The company posted revenue of $380.80 million in the period, compared to analysts expectations of $360.90 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Vector Group Ltd closed down -0.15 points or -0.71% at $21.12 with 5,99,554 shares getting traded on Wednesday. Post opening the session at $21.22, the shares hit an intraday low of $20.92 and an intraday high of $21.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 30, 2016, Bennett S Lebow (director) sold 100,000 shares at $22.65 per share price. According to the SEC, on Mar 14, 2016, Howard M Lorber (President and CEO) sold 500,000 shares at $23.27 per share price. On Mar 6, 2015, Ronald J Bernstein (President Subsidiary) sold 66,595 shares at $22.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Vector Group Ltd. is a holding company engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc. (Vector Tobacco) subsidiaries; the sale of electronic cigarettes (e-cigarettes) in the United States and the real estate business through its New Valley LLC subsidiary which is seeking to acquire additional operating companies and real estate properties. The Company’s business segments include Tobacco E-Cigarettes and Real Estate. The Tobacco segment consists of the manufacture and sale of cigarettes. The E-Cigarettes segment includes the operations of the Company’s e-cigarette business. The Real Estate segment includes the Company’s investments in consolidated and non-consolidated real estate businesses.

Vector Group Ltd

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