ARC Document Solutions Earnings: Everything You Must Know Now
ARC Document Solutions, Inc. (NYSE:ARC) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
ARC Document Solutions, Inc. Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.02 in the quarter versus EPS of $0.00 in the year-earlier quarter.
Revenue: Decreased 4.86% to $96.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ARC Document Solutions, Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $-0.01. It beat the average revenue estimate of $95.59 million.
Quoting Management: “The aggressive and ambitious restructuring plan we announced in November helped us avoid what could have been a significantly depressed earnings per share and cash performance in the fourth quarter of 2012,” said K. “Suri” Suriyakumar, Chairman, President and CEO of ARC Document Solutions. “A timely response was critical to transition the company in line with the dramatic changes we observed in our customers’ behavior.”
Key Stats (on next page)…