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Why R.R. Donnelley Stock Is Plunging Today

·2 min read
Why R.R. Donnelley Stock Is Plunging Today
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Shares of R.R. Donnelley & Sons (NYSE: RRD) have been moving higher of late on optimism that the 157-year-old printing company's push to revamp the business was beginning to take hold. R.R. Donnelley is best known as a printing company, but with the world moving online the company has been working to move beyond paper and into a range of multichannel business communications services and marketing products. R.R. Donnelley reported a first-quarter loss of $0.03 per share, compared to consensus expectations for a $0.15 profit, despite revenue that at $1.17 billion came in slightly above expectations.