NYSE:ACCOCommercial Services
ACCO Brands (ACCO) Stock Faces Earnings Quality Doubts Despite Margin Gains
ACCO Brands stock barely flinched after earnings, slipping just 0.5% to US$4.21. However, the report itself carried more weight than that muted move suggests. Investors came in after a choppy month, with the shares slightly down over 30 days but still ahead over the past quarter.
The real story was profit quality. Q2 basic earnings per share of US$0.15 and net income of US$14.1 million landed in the context of a trailing 12 month earnings lift helped by a one off US$18.5 million gain. The...