Acco: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 06:39 PM ET
Last Updated - Jun 21, 2023, 10:35 PM EDT
LAKE ZURICH, Ill. (AP) — LAKE ZURICH, Ill. (AP) — Acco Brands Corp. (ACCO) on Thursday reported a loss of $3.7 million in its first quarter.
On a per-share basis, the Lake Zurich, Illinois-based company said it had a loss of 4 cents. Earnings, adjusted for amortization costs and restructuring costs, came to 9 cents per share.
The maker of office supplies posted revenue of $402.6 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $392.5 million.
For the current quarter ending in June, Acco expects its per-share earnings to range from 29 cents to 32 cents.
