10:19 AM EDT, 07/31/2024 (MT Newswires) -- Donnelley Financial Solutions ( DFIN ) shares were down 2.4% in recent Wednesday trading after the company reported Q2 net sales below expectations.

Donnelley reported Q2 adjusted earnings of $1.66 per diluted share, up from $1.34 a year earlier.

Four analysts surveyed by Capital IQ expected $1.41.

Net sales for the quarter ended June 30 were $242.7 million, compared with $242.1 million a year earlier.

Four analysts polled by Capital IQ expected $244.6 million.

The company said it bought back 317,388 shares during Q2 for around $19.2 million, with an average price of $60.65 per share, leaving $122.0 million remaining in the share repurchase authorization as of June 30.

Price: 67.83, Change: -1.63, Percent Change: -2.35