R.R. Donnelley & Sons (RRD) Is Testing The Lows Of The Year
(RTTNews.com) - R.R. Donnelley & Sons (RRD) announced Monday that it now expects to report full year 2011 revenues of $10.6 billion, down from its prior forecast of $10.7 billion to $10.8 billion. The company also trimmed its adjusted operating margin expectations for the full year to a range of 6.6 to 6.7 percent from the earlier forecast of 6.8 to 7.0 percent.
R.R. Donnelley & Sons has been steadily declining since the open Tuesday and is now down 1.43 at $12.98 on above average volume. The stock is now testing support at the lows of the year, trading at over a 3-month low.
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