ACCO Brands Corporation (ACCO) Misses Q2 EPS by 2c

ACCO Brands Corporation (NYSE: ACCO) reported Q2 EPS of $0.32, $0.02 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $498.8 million versus the consensus estimate of $493.8 million.

GUIDANCE:

ACCO Brands Corporation sees FY2018 EPS of $1.33-$1.37, versus the consensus of $1.36.

• The company increased its 2018 revenue guidance due to the July 2, 2018 acquisition of GOBA Internacional, which is expected to add 1% to 2018 sales. The company now expects 2018 revenue growth of approximately 3%. The company reiterated its expectation for adjusted EPS growth of 12-15%, a range of $1.33-$1.37 per share, and free cash flow of approximately $180 million.

For earnings history and earnings-related data on ACCO Brands Corporation (ACCO) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance
• Diana Shipping drops bid for Genco after price demands spike to $36.91