Quad/Graphics Earnings: Here’s Why the Stock is Up Now
Quad/Graphics, Inc. (NYSE:QUAD) 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 up 0.07%.
Quad/Graphics, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 87.5% to $0.01 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Rose 18.82% to $1.11 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Quad/Graphics, Inc. reported adjusted EPS income of $0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $1.06 billion.
Quoting Management: “Our second quarter results were consistent with our expectations and we remain on track to achieve our 2013 objectives,” said Joel Quadracci, Quad/Graphics Chairman, President & CEO. “We continue to be pleased with the Vertis acquisition and remain focused on integrating operations and driving future cost-savings, and improving efficiency and productivity in our platform. As always, we are committed to our priorities to maintain a strong and flexible balance sheet; invest in our business, which includes the pursuit of profitable investment opportunities; and create long-term value for our shareholders and clients.”
Key Stats (on next page)…