LONDON (Thomson Financial) - R.R. Donnelley & Sons Co. said Tuesday
first-quarter net income rose to $182 million, or 85 cents a share, from $138.9
million, or 63 cents a share in the same quarter a year earlier.
Excluding restructuring and impairment charges and a one-off tax benefit,
the printing group said it would have earned $148.5 million, or 69 cents a share
from continuing operations, matching the mean estimate of analysts polled by
Thomson Reuters.
Revenue for the three months came in at $3 billion, just shy of a Thomson
Reuters mean estimate of $3.02 billion.
R.R. Donnelley raised the lower end of its adjusted 2008 earnings forecast
range by 3 cents to $3.08 a share. It now expects full-year adjusted earnings of
between $3.08 and $3.15 a share.
Analysts estimate 2008 earnings of $3.1.3 a share.
mark.cotton@thomsonreuters.com
mc1/jw
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