VGR - Vector slides 6% after Q2 bottom line misses estimates

• Vector ( NYSE: VGR ) Q2 shows a leap of ~15% to $387.2M, beating consensus by $49.5M.
• Bifurcating: tobacco segment revenues of $374.3M, increased by 13.6% vs. last year, unit volume increase of 16.2%; Liggett’s wholesale and retail market share increases to 5.3% and 5.5% from 4.2% and 4.1% last year.
• Operating income of $90.7M, down $3.2M.
• Adjusted EBITDA from Continuing Operations of $95.1 million, declined by 3.9% or $3.8 million compared to the prior.
• Adjusted EBITDA from continuing operations of $95.1M, declined by 3.9% prior.
• Strong liquidity with cash and cash equivalents of $323.9M and investment securities and long-term investments of $167.9M at June 30, 2022.
• Non-GAAP EPS of $0.25 misses consensus by $0.10.
• Contributor writes: ' Vector Group: Big Dividend Yield With Growth Potential '
• Stock has declined about 6% after results.
• Sell-side rating of Strong Buy for the stock with a price target $14.5
• Previously  (Aug. 4): Vector Non-GAAP EPS of $0.25 misses by $0.10, revenue of $387.2M beats by $49.5M

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