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Cigarette maker Lorillard Inc.’s profit rose 10 percent in the second quarter as higher prices, electronic cigarette sales and lower legal expenses offset a decline in traditional cigarette sales. That’s up from $284 million, or 72 cents per share, a year ago. Excluding one-time items, earnings were 81 cents per share, beating Wall Street expectations by a penny. That excludes a benefit of 2 cents per share in Cigarette Effects On Brain Wars Do credits for disputed payments under the 1998 Master Settlement Agreement in which some cigarette makers are paying states for smoking-related health care costs. Revenue excluding excises taxes rose nearly 7 percent to $1.29 billion.
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“We’d strongly recommend anyone from using them,” he said, “especially with so many other valid smoking-cessation devices and techniques that we know work.” He also doubts that the e-cigarette industry, which includes big tobacco companies, would encourage people to stop using nicotine entirely. “They’re looking for new young people to get hooked on nicotine products,” he said, “and e-cigarettes seem to be the latest.” Stanford’s Proctor, however, sees both the promise and the threat in the recent rapid spread of e-cigarettes. “E-cigs seem to offer us the possibility of keeping the addiction, while losing the cancer,” he said.
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One of the biggest players here in South Florida, Vapor Shark , which was founded in 2010 and opened its first brick-and-mortar store in 2012, was the subject of our February story. See also: – — Ex-Smokers Organize to Keep E-Cigarettes on the Market Now Vapor Shark’s parent company, the Hand Media, is suing a competitor, Vapor Hog , claiming deceptive and unfair trade practices and unfair competition. In a complaint in federal court, Vapor Shark claims that “Vapor Hog has siphoned, and continues to siphon, customers away from Vapor Shark by utilizing strikingly similar marks and a trade name that…
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