Top Earnings Surprises (RRD, TEL, SUSS)

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R.R. Donnelley & Sons Company (NASDAQ:RRD) said third-quarter profit slumped 92% to $13.1 million, or 6 cents a share, with sales falling 14% to $2.46 billion on volume declines and price pressure. Excluding $131.7 million of restructuring and impairment costs, its earnings would have fallen to 54 cents a share from 87 cents a share. Analysts polled by Thomson Reuters expected earnings of 46 cents a share on revenue of $1.93 billion. It's predicting low single-digit sequential revenue growth for the fourth quarter, compared to analyst forecasts for $2.55 billion.

Tyco Electronics Ltd. (NYSE:TEL)  Schaffhausen, Switzerland, producer of electronic parts, network solutions, undersea telecom systems, and more, reported that fiscal fourth-quarter net income fell 54% on 25% lower sales. For the quarter ended Sept. 25, earnings were $93 million, or 20 cents a share, compared with $202 million, or 43 cents, in the year-earlier quarter. Adjusted earnings were 30 cents against 65 cents. Net sales fell to $2.7 billion from $3.58 billion. A survey of analysts by FactSet Research produced consensus estimates of 27 cents of profit on $2.6 billion of sales.

Susser Holdings Corporation (NASDAQ:SUSS) said Wednesday that its third quarter net profit fell 5.2% to $6.5 million, or 38 cents a share, from $6.9 million, or 40 cents a share, a year earlier. Sales for the quarter declined 27% to $882.1 million, largely reflecting the drop in average retail and wholesale fuel prices. The group said same-store merchandise sales for the quarter rose 4%. Analysts polled by FactSet had been expecting earnings of 26 cents a share. The group cut its guidance for same-store sales growth in 2009 to a range of 3% to 4.5% from a range of 3% to 5.5%. It also cut its merchandise margin forecast for the year.

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