ACCO Brands Corp (ACCO) stock plummeted 9.42% in the pre-market trading session on Friday, February 21st, 2025. This significant drop appears to be linked to the company's disappointing fourth-quarter earnings report for 2024.
According to the earnings summary, ACCO Brands reported adjusted earnings per share (EPS) of $0.39 for the quarter ended December 31, 2024, missing the average analyst estimate of $0.41. Additionally, the company's revenue fell 8.3% year-over-year to $448.10 million, falling short of the expected $455.07 million.
The lower-than-expected earnings and revenue decline seem to be the primary factors contributing to ACCO Brands' substantial pre-market stock plunge. Investors reacted negatively to the company's failure to meet Wall Street's projections, leading to the significant sell-off.
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