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Vector posts 4Q profit

MIAMI (AP) _ Vector Group Ltd. (VGR) on Wednesday reported fourth-quarter profit of $4.6 million.

The Miami-based company said it had net income of 4 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 13 cents per share.

The discount cigarette maker posted revenue of $412.8 million in the period.

For the year, the company reported profit of $71.1 million, or 55 cents per share. Revenue was reported as $1.69 billion.

Vector shares have risen almost 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.18, a rise of almost 8 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 VGR at https://www.zacks.com/ap/VGR


Keywords: Vector Group, Earnings Report