Why R. R. Donnelley (RRD) Stock Trading Higher In Pre-Market Trades? Here Is The Reason

0
496
AVGR Stock
AVGR Stock

R.R. Donnelley & Sons Company (RRD) stock has been surging 37.92% pre-market to $3.31 as of 08:18 a.m. EST, following the release of the report for Q4 and full-year 2020 results.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

In the last session, the stock faced a fall of -12.09% to close the trading at $2.40. Looking at stock’s recent trend shows that within the last five business days and within the last thirty business days, shares of the firm have fallen -7.34 percent and -4.00 percent respectively.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


Read More

What happened?

RRD delivers digital business communications solutions and multi-channel marketing services around the world. A comprehensive offering of solutions designed by RRD provides solutions that optimize customer engagement and streamline business operations across the complete customer journey. Additionally, RRD provides an extensive portfolio of services, expertise, and scale which enable organizations to design, manage, deliver, and optimize their business communications and marketing strategies.

What happened?

RRD came beating the income and revenue estimates for the Q4 2020 announced after ring of the bell yesterday, which has been causing the company’s stock rising in pre-market trades today. Brief highlights of the results are as follows:

  • Net sales in the fourth quarter were $1.35 billion, down $80.6 million or 5.6% from that of $1.43 billion fourth quarter of 2019. However it beat the average estimates of $1.16 billion.
  • Earnings per share for the reported quarter came at $0.46, 820% more than that of $0.05 in the same quarter a year ago and also above to the analysts’ estimate of $0.21 per share for the same.
  • For the whole year 2020, net income generated was $108.1 million or -$0.37 per share while that remained $185.31 million or -$0.07 per share in the previous year.

    Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

  • Revenue generated by the company in the last year was $4.77 billion compared to revenue of $5.47 billion in 2019. Analysts were estimating the company to be generating revenue of $4.58 billion for the full year 2020.

LEAVE A REPLY

Please enter your comment!
Please enter your name here