ARC Document Solutions: Drops on poor Q4 results

ARC Document Solutions

24/02/2021 13:03

** Document solutions provider's shares  ARC.N  down ~15% at
$2.05 premarket 
    ** Co on Tuesday after-market close posted Q4 adj. profit of
2 cents/share vs 3 cents/share a year earlier  urn:newsml:reuters.com:*:nACShYMmWa
    ** Reports Q4 revenue fell to $64.3 mln, from $92.3 mln a
year ago, as pandemic-induced economic closures and
work-from-home trend hit activity 
    ** Co's Q4 construction document and information management
(CDIM) business revenue fell 23%, pressured by decline in
traditional printing
    ** ARC shares are up ~63% this year, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))