LSC Communications: 2Q Earnings Snapshot
Aug. 02, 2018
CHICAGO (AP) _ LSC Communications (LKSD) on Thursday reported second-quarter net income of $8 million.
The Chicago-based company said it had net income of 23 cents per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to 48 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The print and print-related services provider posted revenue of $943 million in the period.
LSC Communications expects full-year revenue in the range of $3.75 billion to $3.85 billion.
LSC Communications shares have dropped roughly 1 percent since the beginning of the year. The stock has fallen 29 percent in the last 12 months.