ACCO Brands Corporation (ACCO) Releases Earnings Results, Beats Expectations By $0.04 EPS

ACCO Brands Corporation (ACCO) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $-0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-0.05. The company posted revenue of $278.10 million in the period, compared to analysts expectations of $264.98 million. The company’s revenue was down -4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

ACCO Brands Corporation opened for trading at $8.74 and hit $8.85 on the upside on Friday, eventually ending the session at $8.78, with a gain of 0.80% or 0.07 points. The heightened volatility saw the trading volume jump to 5,67,482 shares. Company has a market cap of $928 M.

In a different news, on Aug 4, 2015, Gregory J. Mccormack (Sr. Vice Pres, Global Products) sold 29,254 shares at $7.72 per share price. According to the SEC, on Jul 31, 2015, Robert J Keller (director) sold 513,737 shares at $8.11 per share price. On Feb 27, 2015, Mark C Anderson (Sr VP, Corporate Development) sold 13,000 shares at $7.56 per share price, according to the Form-4 filing with the securities and exchange commission.

ACCO Brands Corporation is a manufacturer and marketer of office school and calendar products and select computer and electronic accessories. The Company sells its products to consumers and commercial end users primarily through resellers including traditional office supply resellers wholesalers and retailers including online retailers. The company is organized into three business segments: ACCO Brands North America ACCO Brands International and Computer Products Group. ACCO Brands North America and ACCO Brands International manufacture source and sell traditional office products school supplies and calendar products. The Company’s Computer Products Group designs sources distributes markets and sells accessories for laptop and desktop computers and tablets. The Company sells its products primarily to markets located in the United States Northern Europe Canada Australia Brazil and Mexico.

ACCO Brands Corporation

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