UPDATE: R.R. Donnelley Posts 55% Drop In Q3 Profit, Lowers Full-Year Forecast

R.R. Donnelley & Sons Co RRD reported a 55% fall in its third-quarter profit. R.R. Donnelley now projects full-year revenue of $10.1 billion to $10.2 billion, versus its earlier forecast of $10.4 billion to $10.5 billion. R.R. Donnelley's quarterly profit fell to $71.4 million, or $0.39 per share, from $158 million, or $0.83 per share, in the year-ago period. Excluding one-time items, R.R. Donnelley earned $0.51 per share. Its net sales dropped 6.5% to $2.5 billion. However, analysts were expecting earnings of $0.44 per share on revenue of $2.58 billion. R.R. Donnelley's gross margin declined to 22.8% from 23.4%. R.R. Donnelley shares closed at $10.02 yesterday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsGuidanceprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!