R.R. Donnelley (RRD) Misses Earnings Big

R.R. Donnelley & Sons Company (NASDAQ:RRD) missed earnings by 4 cents for the quarter, with net income falling to $33.9 million or 16 cents a share. That was a plunge of over 35 percent from last year in the same quarter.

Revenue did rise in the first quarter to $2.58 billion, a gain of 7 percent over last year.

Analysts on average had been looking for 37 cents a share.

The company said, “First-quarter results were in line with our expectations. We overcame both the absence of last year’s U.S. Census project and this year’s incremental expenses associated with the acquisition of Bowne and begin the second quarter building positive momentum,” said Thomas J. Quinlan III, RR Donnelley’s President and Chief Executive Officer. “The integration of Bowne is progressing well and we expect the acquisition to be accretive in 2011. We remain on track to deliver full-year revenue, margin and cash flow consistent with our previous guidance.”

Major competitors of R.R. Donnelley & Sons Company include Champion Industries, Inc. (NASDAQ:CHMP), Multi-Color Corporation (NASDAQ:LABL), Consolidated Graphics, Inc. (NYSE:CGX), InnerWorkings, Inc. (NASDAQ:INWK), Cenveo, Inc. (NYSE:CVO), VistaPrint NV (NASDAQ:VPRT), Deluxe Corporation (NYSE:DLX), Ennis, Inc. (NYSE:EBF) and Courier Corporation (NASDAQ:CRRC).

R.R. Donnelley & Sons Company was trading at $19.23, gaining $0.09, or 0.47 percent, as of 1:47 PM EDT.