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
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