Quad/Graphics Q2 EPS $0.02 Down From $0.13 YoY, Sales $703.10M Miss $724.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quad/Graphics reported Q2 earnings of $0.02 per share, a decrease of 84.62% YoY. The company's quarterly sales were $703.10 million, missing the analyst consensus estimate of $724.10 million by 2.90%. This represents a 7.21% decrease in sales compared to the same period last year.
August 04, 2023 | 10:29 am
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NEGATIVE IMPACT
Quad/Graphics reported a significant decrease in Q2 earnings and missed sales estimates.
The significant decrease in earnings and missed sales estimates are likely to negatively impact Quad/Graphics' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100