Plus   Neg

R.R. Donnelley & Sons Adjusts Full Year Guidance - Quick Facts

R.R. Donnelley & Sons Company (RRD) adjusted the company's full year guidance, primarily for the sale of print logistics and expected stronger organic sales performance. Non-GAAP diluted EPS is now expected in the range of $0.80 to $1.10, revised from prior range of $0.90 to $1.20. Net sales are now projected to be in the range of $6.75 billion to $6.90 billion, compared to prior guidance range of $6.80 billion to $7.00 billion.

For the second-quarter, non-GAAP loss per share attributable to common stockholders was $0.09 compared to a loss of $0.06 reported in 2017 due to higher tax expense. Net sales in the quarter were $1.68 billion, up 3.7% from the second quarter of 2017. On an organic basis, consolidated net sales increased 2.7% primarily driven by higher volume and fuel surcharges in the Business Services segment, partially offset by price pressure.

The Board of Directors declared a quarterly cash dividend of $0.03 per common share. The dividend will be payable on September 4, 2018 to stockholders of record as of the close of business on August 15, 2018. The amount of the dividend reflects a reduction from the previous quarter's dividend of $0.14 per common share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
DISH Network Corp. (DISH) Wednesday reported a profit for the fourth-quarter that increased about 15 percent from last year, but quarterly revenue decreased 2 percent. Both earnings per share and revenue top analysts' estimates. Net Pay-TV subscribers for the quarter decreased by about 194,000 from the prior quarter. Advanced Bionics LLC, the US unit of Swiss hearing aid maker Sonova Holding AG, has recalled certain un-implanted cochlear implant devices due to decreased hearing performance. The recall would incur costs in the range of 40 million Swiss francs to 50 million francs. In a statement, Sonova said that... Shares of Deutsche Telekom AG were gaining around 4 percent in the morning trading after the German telecom giant reported Wednesday a profit in its fourth quarter, compared to last year's loss. The company also projects higher results in fiscal 2020. For the new year, Deutsche Telekom expects another increase in revenue from fiscal 2019 revenue of 80.5 billion euros.
Follow RTT