Why Acco Brands Stock Is Falling Today
ACCO(ACCO) The Motley Fool·2024-02-24 04:22
Consumer and education products manufacturer Acco Brands (ACCO -14.02%) beat fourth-quarter expectations, but the company's guidance for 2024 underwhelmed. Investors appear disappointed, sending Acco shares down 12% as of 2 p.m. ET Friday.A tough environment takes its tollAcco is a supplier of branded academic, consumer, and business products, including Mead paper, Swingline staplers, Kensington locks, and At-A-Glance planners. The company earned $0.39 per share in the quarter on sales of $488.6 million, su ...