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Friday, Oct 25
Standard Register shares collapse on Q3 results
- Standard Register (SR -28.8%) shares collapsed after the company posted a net loss of $23.2M on revenue of $199.3M in Q3 (vs. net income of $2.5M and revenue of $145.7M in Q3 2012).
- Q3 results included $68.3M in revenue, a $0.6M net loss, and $18.5M in acquisition/restructuring expenses due to WorkflowOne, which Standard Register acquired in Aug.
- SR shares remain up 213% since the acquisition.