Donnelley Financial: 3Q Earnings Snapshot
CHICAGO (AP) _ Donnelley Financial Solutions Inc. (DFIN) on Wednesday reported third-quarter earnings of $48 million.
On a per-share basis, the Chicago-based company said it had net income of $1.40. Earnings, adjusted for non-recurring gains, were 27 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The financial communications and data services provider posted revenue of $216.9 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $218 million.
Donnelley Financial expects full-year revenue in the range of $970 million to $990 million.
Donnelley Financial shares have decreased 19 percent since the beginning of the year. The stock has dropped 15 percent in the last 12 months.