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 and are trading at $4.810 , down-from-52-week-high.
Acco Brands follows other major Industrials sector earnings this month
Acco Brands's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, 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 Tuesday, October 25, 2022 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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