Reynolds American Inc. , one of the leading manufacturer and seller of cigarettes and other tobacco products in the U.S., came out with first-quarter 2017 results, wherein adjusted earnings of 56 cents per share increased 12% year over year but lagged the Zacks Consensus Estimate by a penny.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has decreased by a penny in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company’s earnings have missed the Zacks Consensus Estimate by an average of 1.6%.

Revenues: Reynolds generated net sales of $2,949 million that rose about 1.1% year over year but fell short of the Zacks Consensus Estimate of $3,039 million.

Key Events: In the reported quarter, management hiked its quarterly dividend by 10.9% to 51 cents per share.

Zacks Rank: Currently, Reynolds carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on Reynolds’ earnings report!

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