Quad/Graphics Q3 Earnings Report: Losses Increase, Revenue Declines
Intellectia.AI2024-10-29
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Illustration by Intellectia.AI
Quad/Graphics reported a significant decrease in earnings for the third quarter, with a net loss of $24.7 million compared to a loss of $2.7 million in the same period last year. The company's earnings per share (EPS) were at a negative $0.52, a substantial drop from the negative $0.06 reported in the previous year. However, when excluding certain items, Quad/Graphics achieved adjusted earnings of $13.2 million, translating to $0.26 per share, surpassing analysts' expectations of $0.23 per share. Revenue for the quarter was $674.8 million, down from $700.2 million in the same period last year.
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