Turning Point Brands, Inc. (NYSE:TPB) Reports 1Q18 Profit Surge

Turning Point Brands

Turning Point Brands, Inc. (NYSE:TPB) reported net income for the first quarter of $ 3.03 million or $ 0.15 per share, compared to income $ 1.88 million or $ 0.10 per share for the year-ago quarter.

The Louisville, Kentucky based company recorded first quarter adjusted earnings of $ 6.91 million or $ 0.35 per share.

The net sales for first quarter rose 11% to $ 73.94 million from $ 66.79 million in the same quarter last year.

Analysts polled by Thomson Reuters expected TPB to report income of $ 0.30 per share on revenue of $ 70.70 million for the first quarter.

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