logo
Share SHARE
FONT-SIZE Plus   Neg

R.R. Donnelley & Sons Q4 Loss Widens - Quick Facts

R.R. Donnelley & Sons Co. (RRD) Tuesday reported a wider loss for the fourth quarter, hurt mainly by lower revenues. However, botha djusted earnings and revenues came in above analysts' expectations.

Net loss attributable to company shareholders widened to $849.0 million or $4.70 per share from $326.7 million or $1.78 per share in the same period last year.

Adjusted earnings for the period was $78.1 million or $0.43 per share. On average, four analysts polled by Thomson Reuters expected the company to earn $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $2.66 billion, down from $2.72 billion last year. Analysts expected revenues of $2.55 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
German lender Commerzbank AG said Thursday that it will cut almost 10,000 jobs, stop paying dividends for the time being and merge two big units as part of a restructuring to become profitable on a sustainable basis by 2020. The bank, Germany's second largest, said that to cover its restructuring costs in the region of 1.1 billion euros, it will cease dividend payments for the time being. Apple Inc. has repeatedly assured customers of its commitment to privacy and said that iMessage conversations are safe. However, Apple's iMessage logs the phone numbers typed by users for a text conversation and shares this information with law enforcement when compelled by court order, according to news site "The Intercept." Snack and beverage giant Pepsico Inc. reported Thursday significantly higher profit in its third quarter, reflecting the absence of last year's hefty Venezuelan impairment charges, despite weak revenues. Core earnings and revenues beat market estimates. Further, the company lifted its fiscal 2016 forecast on its performance and outlook for the fourth quarter.
comments powered by Disqus
Follow RTT