Reynolds Exceeds Profit Estimates as It Seeks Deal Approval

April 17, 2015 12:14 PM

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Reynolds American Inc., which is working to complete its $25 billion acquisition of Lorillard Inc., posted first-quarter earnings that beat analysts’ estimates after increasing cigarette prices and boosting margins.

Excluding some items, profit was 86 cents a share in the period, the Winston-Salem, North Carolina-based maker of Camel cigarettes said Friday in a statement. Analysts had estimated 80 cents on average, according to data compiled by Bloomberg.

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