RR Donnelley & Sons Co (NASDAQ: RRD) delivered better-than-expected Q2 numbers. The company also looks at high end of its adjusted EBITDA margin for the full year.
On a GAAP basis, the company suffered a net loss of $14.5 million or $0.07 a share in the three-month period. In comparison, the company earned $43.5 million or $0.21 a share in the year-ago period. On an adjusted basis, it would have earned a profit of $71.1 million or $0.34 a share, which was above the Street analysts' expectations of $0.28 a share.
RR Donnelley's net sales dipped 0.7 percent to $2.7 billion, which was also slightly ahead of the Street estimations of $2.67 billion.
President and CEO, Thomas Quinlan III, commented, "We expect these improving trends, in conjunction with our continuing cost management efforts, to continue to have a positive impact during the second half of the year."
Moving ahead, the company indicated it remains on track to achieve the guidance provided earlier. It also indicated that it is looking to achieve adjusted EBITDA margin at the higher end of its earlier range of 10.4 – 10.6 percent.
On Tuesday, the stock shed $0.10 or 0.56 percent to close at $17.79.
See more from Benzinga
- 3 Top Telecom Service Providers To Start Accepting Preorders For Samsung Galaxy Note 7
- Most Analysts Remain Bullish Heading Into FitBit's Q2 Earnings Report
- Most Automakers Report U.S. Sales Decline During July
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.