Acco: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:54 AM ET
Last Updated - Aug 02, 2024, 02:54 AM EDT
LAKE ZURICH, Ill. (AP) — LAKE ZURICH, Ill. (AP) — Acco Brands Corp. (ACCO) on Thursday reported a second-quarter loss of $125.2 million, after reporting a profit in the same period a year earlier.
The Lake Zurich, Illinois-based company said it had a loss of $1.29 per share. Earnings, adjusted for one-time gains and costs, were 37 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The maker of office supplies posted revenue of $438.3 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $452.7 million.
