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Turning Point Brands Jumps on Earnings Beat, Improved Guidance

·1 min read
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Shares of Turning Point Brands were rising sharply Tuesday after the rolling paper and cigar company reported quarterly results that beat estimates, while also raising its full-year guidance. The Louisville, Kentucky company reported first quarter net income that increased to $11.8 million from $7.3 million a year ago. Turning Point shares were rising 8.2% to $52.54.