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Alliance One posts 3Q profit

MORRISVILLE, N.C. (AP) _ Alliance One International Inc. (AOI) on Thursday reported fiscal third-quarter net income of $88.5 million, after reporting a loss in the same period a year earlier.

The Morrisville, North Carolina-based company said it had profit of $9.80 per share. Earnings, adjusted for non-recurring gains, came to $1.68 per share.

The tobacco company posted revenue of $477.8 million in the period.

Alliance One expects full-year revenue in the range of $1.9 billion to $2.1 billion.

Alliance One shares have fallen roughly 2 percent since the beginning of the year. The stock has declined 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AOI at https://www.zacks.com/ap/AOI