Shares of ACCO Brands (NYSE: ACCO) climbed 15% on Wednesday after the school and office supplies company reported better-than-expected year-end results. The company was able to manage through headwinds including tariff concerns and a soaring U.S. dollar that persisted through much of 2019.
ACCO Brands reported fourth-quarter earnings per share of $0.46 per share on revenue of $537.4 million after markets closed Tuesday, topping analyst expectations for $0.41 per share in earnings on sales of $534 million. Revenue was up 1.5% year over year, as a $24.8 million boost from acquisitions more than offset a $10.1 million hit due to foreign exchange rates.
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