Breaking News Bar
updated: 1/15/2014 7:41 AM

Acco expects 2013 results to top Street's view

hello
Success - Article sent! close
 
Associated Press

Lake Zurich-based Acco Brands anticipates its 2013 revenue will decline, but still beat Wall Street's expectations. Adjusted earnings are also forecast to top analysts' estimates.

Its stock rose in Tuesday premarket trading.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The office products company foresees full-year revenue falling 5 percent to $1.76 billion. Excluding the impact of foreign currency, revenue is expected to be $1.79 billion.

Analysts polled by FactSet predict 2013 revenue of $1.75 billion.

Acco Brands Corp. expects full-year adjusted earnings of 78 cents to 79 cents per share, above Wall Street's estimate of 76 cents per share.

For the fourth quarter, the company said revenue totaled about $500 million. Analysts are calling for $485.1 million in revenue.

Acco will report its fourth-quarter and full-year financial results on Feb. 12.

The company's stock climbed 30 cents, or 4.8 percent, to $6.57 before the market open.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.