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ACCO Brands Corp Lowers FY 2013 Guidance

Wednesday, 30 Oct 2013 07:01am EDT 

ACCO Brands Corp announced that as a result of a challenging industry and macro environment factors, the Company now expects fiscal 2013 sales to decline at a rate of mid- to high-single-digits. The Company expects fiscal 2013 adjusted EPS of $0.78-to-$0.81, excluding currency. The Company reported revenue of $1.759 billion in fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.804 billion and EPS of $0.88 for fiscal 2013. 

Company Quote

-0.14 -1.82%
4:05pm EDT