NC tobacco company maker of Newport cigarettes, Lorillard, in the Greensboro, was another notable mover in the space, with shares tumbling 4.45% to $107.29 despite the company posting better than expected earnings on revenues that were in line with consensus.
Newport Cigarettes 6 Cartons
$192.00
Because of the low sales of non-menthol
Newport cigarettes, the company put a tremendous amount of advertising for it, so now its second-quarter net income rose more than 10 percent as it sold more wholesale Newport cigarettes and Maverick cigarettes at higher prices.
The company had been trading near its 52-weel high on anticipation of its earning results, as according to reports earlier in the month, the company increased the majority of its cheap Newport cigarettes prices.
NC tobacco company maker of Newport cigarettes
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