Reynolds American, Inc. (NYSE:RAI) reported its earnings for the first quarter of fiscal year 2015 (FY15) today. The stock was up in pre-market trade after the company was able to outperform analysts' expectations for both earnings and revenues.
First announced in July 2014, Reynolds American Inc.'s (NYSE:RAI) proposed $25 billion acquisition of key competitive rival Lorillard, Inc. (NYSE:LO) has been one of the principal news items in Big Tobacco.
On Friday Reynolds American Inc. (NYSE:RAI) which is a tobacco company revealed its financial results for the first quarter and the investors should be happy with the company's substantial start of the year 2015.
Invesco Ltd has filled a SC 13G/A form regarding Reynolds American Inc 74.01 -0.35 -0.47% . Per Invesco Ltd's filling, the filler reported decreased stake in the company by -5.84% to 25,533,042 shares.