Donnelley Financial: 2Q Earnings Snapshot
CHICAGO (AP) _ Donnelley Financial Solutions Inc. (DFIN) on Thursday reported second-quarter net income of $18.9 million.
On a per-share basis, the Chicago-based company said it had net income of 56 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 90 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.
The financial communications and data services provider posted revenue of $290.6 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $297.1 million.
Donnelley Financial expects full-year revenue in the range of $970 million to $990 million.
Donnelley Financial shares have risen slightly more than 6 percent since the beginning of the year. The stock has decreased 11 percent in the last 12 months.