LSC Communications, Inc. (LKSD) Misses Q1 EPS by 7c, Revenues Miss; Affirms FY19 Revenue Mid-Point Guidance Below Consensus
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LSC Communications Reports First Quarter 2019 Results and Reaffirms Full Year 2019 Guidance
April 30, 2019 4:35 PM EDTCHICAGO--(BUSINESS WIRE)-- LSC Communications, Inc. (NYSE: LKSD) today reported financial results for the first quarter of 2019.
Highlights:
Net sales of $845 million compared to $929 million in the first quarter of 2018 Organic net sales decrease of 4.6% from the first quarter of 2018 GAAP net loss of $126 million, or $3.79 per diluted share, compared to a net loss of $11 million, or $0.32 per diluted share in the first quarter of 2018 Non-GAAP net loss of $5 million, or... More