Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of print specialist Quad/Graphics (Nasdaq: QUAD ) were bleeding all over today, falling by as much as 25% in intraday trading after the company reported third-quarter results.
So what: For the third quarter, Quad/Graphics reported total revenue of $1.19 billion, down 2% from last year, but basically in line with expectations. Adjusted earnings per share were up significantly from last year, but the $0.80 tally was $0.06 short of what Wall Street was looking for. Mr. Market doesn't typically give A's for effort during earnings season, and that performance isn't winning Quad/Graphics many fans today.
Management pointed to a slowdown in volume that started at the end of the second quarter as the reason for the softer-than-expected financial performance in the most recent three months.
Now what: Of course, investors tend to be less concerned with "what have you done for me lately" and more concerned with "what will you do for me tomorrow." And on that note, Quad/Graphics also delivered downer news, forecasting that the softness in the third quarter would continue in the fourth quarter. As a result, the company decided to lower its full-year profit expectations.
Want to keep up to date on Quad/Graphics? Add it to your watchlist.