American Reprographics Earnings: Here’s Why Shares are Down Now
American Reprographics Company (NYSE:ARC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.21%.
American Reprographics Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 100% to $0.04 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Revenue: Rose 2.7% to $104.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Reprographics Company reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $104.39 million.
Quoting Management: “The company continues to gain strength and momentum as a technology-enabled document solutions provider,” said K. “Suri” Suriyakumar, Chairman, President and CEO of ARC Document Solutions. “While nonresidential construction is still recovering, the addressable market for ARC continues to grow with new offerings fuelled by our investments in technology. This is clearly demonstrated by our growth in managed print services, which is powered by our proprietary Abacus software.”
Key Stats (on next page)…