NEW YORK, April 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Philip Morris International, Inc. (NYSE: PM), Herbalife Ltd. (NYSE: HLF), Lorillard, Inc. (NYSE: LO), Owens-Illinois Inc. (NYSE: OI) and Vector Group Ltd. (NYSE: VGR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1472-100free.
Philip Morris International, Inc. Analyst Notes
On April 17, 2014, Philip Morris International, Inc. (PMI) reported its Q1 2014 financial results. Total net revenues decreased by 4% YoY to $17.8 billion. PMI's net earnings for Q1 2014 were $1.9 billion or $1.18 per diluted share, compared with $2.1 billion or $1.28 per diluted share in Q1 2013. Commenting on the financial performance, André Calantzopoulos, CEO of PMI, said, "Our first-quarter results were in line with our expectations, given the known challenges we face in Asia and inventory distortions. While currencies remain volatile, we have recently witnessed an improvement in their unfavorable impact on our business, and accordingly, together with the restructuring charge, we are increasing our 2014 full-year reported diluted earnings per share guidance by $0.07." The full analyst notes on Philip Morris are available to download free of charge at:
Herbalife Ltd. Analyst Notes
On April 17, 2014, Herbalife Ltd.'s (Herbalife) stock decreased 0.31%, ending the trading session at $55.10. Over the previous three trading sessions, shares in the Company increased 2.51%, in line with the S&P 500 which also increased 1.87% during the same time period. The full analyst notes on Herbalife are available to download free of charge at:
Lorillard, Inc. Analyst Notes
On April 17, 2014, Lorillard, Inc. (Lorillard), the parent company of blu eCigs®, issued a press release praising the newly signed law that bans minors from buying electronic cigarettes. "Legislation that prevents the sale or distribution of electronic cigarettes to minors is the right thing to do," said Murray S. Kessler, Chairman, President and CEO of Lorillard, who attended the bill signing in Frankfort with Kentucky Gov. Steve Beshear, and other dignitaries. "Lorillard is pleased that Kentucky has joined the growing number of states that are adopting responsible legislation to prohibit the sale or distribution of electronic cigarettes to minors," Murray added. The full analyst notes on Lorillard are available to download free of charge at:
Owens-Illinois Inc. Analyst Notes
Owens-Illinois Inc. (Owens-Illinois) announced on the events page of its official website that it will hold its Q1 2014 Earnings Conference Call on April 30, 2014, at 8:00 a.m. ET. The news release for Q1 2014 earnings will be issued after the market closes on April 29, 2014. Link to the webcast presentation, as well as additional information of the event will be made available on the Company's website. According to Zacks Investment Research data, the consensus EPS estimate for the quarter is $0.60. The full analyst notes on Owens-Illinois are available to download free of charge at:
Vector Group Ltd. Analyst Notes
On April 15, 2014, Vector Group Ltd. (Vector Group) announced that it has closed its previously announced private offering of additional $150.0 million aggregate principal amount of 7.750% senior notes due 2021. According to the Company, the Notes bear interest at a rate of 7.750% per year, payable semi-annually in arrears on February 15 and August 15 of each year. The Notes will mature on February 15, 2021, unless earlier repurchased or redeemed in accordance with the terms. Initially, the Notes were issued at an initial price of 106.750% of the principal amount plus accrued interest from February 15, 2014. As stated, the Company intends to use the net cash proceeds from this offering for general corporate purposes, including for additional investments in real estate through its wholly-owned subsidiary, New Valley LLC, and in its existing tobacco business. The full analyst notes on Vector Group are available to download free of charge at:
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