Investing.com - Acco Brands reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Acco Brands announced earnings per share of $0.250 on revenue of $485.6M. Analysts polled by Investing.com anticipated EPS of $0.401 on revenue of $522.07M.
Acco Brands shares are up 100% from the beginning of the year, still down 49.37% from its 52 week high of $9.50 set on November 8, 2021.
Acco Brands follows other major Industrials sector earnings this month
Acco Brands's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $16.95B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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