Reynolds American, the nation's second-largest tobacco company, said higher prices on cigarettes helped lift its third-quarter net income, even though it sold fewer smokes than a year earlier. It said it earned $381 million, compared with $362 million a year ago.
CIGARETTE VOLUMES: The maker of Camel, Pall Mall and other brands said the number of cigarettes shipped fell 2.6 percent to 20.1 billion sticks. Camel volumes grew 1.5 percent, and Pall Mall grew 45.1 percent in the quarter.
PALL MALL: Market share increased 2.8 points to 7.8 percent of the U.S. market during the quarter. The company's overall cigarette market share rose slightly to 28.2 percent.
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