Quad/Graphics Reports Third Quarter and Year-to-Date September 2015 Results
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Quad/Graphics (QUAD) Misses Q3 EPS Views; Announces $100M Cost Reduction Program
November 3, 2015 4:42 PM ESTQuad/Graphics (NYSE: QUAD) reported Q3 EPS of $0.14, $0.27 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.21 billion.
Our third quarter financial performance was challenging and below our expectations due to a greater-than-expected pullback in industry volumes and pricing pressures that accelerated in the quarter, as well as lower productivity levels in our manufacturing platform, said Joel Quadracci, Chairman,... More
