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ACCO Brands (ACCO -5.2%) is among today's big decliners after its Q1 top and bottom line miss....

ACCO Brands (ACCO -5.2%) is among today's big decliners after its Q1 top and bottom line miss. The stock's woes can be partly attributed to the company's outlook, as FY13 revenue guidance ("roughly even with the prior year") disappointed the market. On the call, CJS Securities analyst Arnold Ursaner questioned whether the company's plan to improve gross margins by 100 basis points during the year was still realistic given the tepid top line guidance. CEO Boris Elisman said that margin expansion is "still part of the plan." (transcript)
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