Earnings: R.R. Donnelley Reverses Net Loss In Q2; Revs Gain 4.6 Percent

This story was written by David Kaplan.
Print services provider R.R. Donnelley (separate from directory services company R.H. Donnelley) said Q2 net earnings from continuing operations came in $145.1 million ($0.68 per diluted share) from last year's net loss of $69.4 million ($0.32 per diluted share). Net sales in the quarter were $2.9 billion, up nearly 4.6 percent from Q207, thanks to acquisitions and favorable foreign exchange rates. Nevertheless, revenues were still held back by "continued price pressure and volume declines."

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By David Kaplan