R.R. Donnelley & Sons Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - R.R. Donnelley & Sons Company (RRD) reported that its third-quarter net earnings attributable to shareholders decreased to $14.7 million, or $0.08 per share, from $71.4 million, or $0.39 per share, in the third quarter of 2012. Third-quarter net earnings attributable to shareholders included pre-tax charges and expenses of $85.5 million. Non-GAAP net earnings attributable to shareholders was $69.3 million, or $0.38 per share, for the quarter.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.36 for the quarter. Analyts' estimates typically exclude special items.

Net sales were $2.6 billion, up $106.1 million, or 4.2%, from the third quarter of 2012. After adjusting for the impact of acquisitions, changes in foreign exchange rates, pass-through paper sales and the 2012 rebate adjustment, organic sales grew by 2.2%, driven by volume growth in many offerings, a timing shift of a project in Latin America and an increase in pass-through postage revenue. Analysts expected revenue of $2.53 billion, for the quarter.

The company has updated its full-year 2013 guidance. The company now expects third-quarter revenue of $10.35 billion to $10.45 billion, compared to prior guidance of $10.1 billion to $10.3 billion. Analysts expect the company to report full year revenue of $10.30 billion.