ARC Document: Best day in 9 yrs on return to revenue growth

ARC Document Solutions

16/07/2018 15:37

** Shares of ARC Document Solutions  ARC.N  jump ~23 pct
after the company talks of return to revenue growth
    ** Stock on track for its best one-day jump in 9 years and
is the 3rd biggest pct gainer among U.S. stocks
    ** Co estimates Q2 sales growth of nearly 2 pct, marking a
return to year-over-year growth for the first time in 3 yrs
    ** Co says results driven by continuing strength in print
sales and improvement in all business lines  urn:newsml:reuters.com:*:nPnHCr0ta
    ** ARC Document provides cloud and mobile solutions and
hardware that helps move documents between design, engineering,
construction, and facilities management professionals
    ** Stock's surge cuts YTD losses to ~21 pct; About 1.1 mln
ARC shares traded, well above 25-day moving avg of ~428k

 (Reporting by Savio D'Souza)
 ((RM:savio.dsouza.thomsonreuters.com@reuters.net))