* Q2 adj EPS $0.47 vs est $0.36
* Q2 rev $2.41 bln vs est $2.36 bln
* Cuts FY 2010 revenue view
* Shares up as much as 6 pct (Adds conference call details, updates share movement)
Bangalore, Aug 4 (Reuters) - Printing services firm RR Donnelley & Sons Co RRD.O posted better-than-expected quarterly results, helped by growth at both of its segments and a lower tax rate, sending its shares up 6 percent.
However, the company, which prints everything from magazines and catalogs to financial reports and newspaper inserts, cut its full-year revenue outlook citing foreign exchange losses.
RR Donnelley now expects full-year revenue to grow by 1 percent, compared with its earlier forecast of a low single-digit growth, it said on a conference call.
Analysts on average were expecting the company to grow revenue by about 2 percent to $10.06 billion, according to Thomson Reuters I/B/E/S.
For the second quarter, net income attributable to common shareholders rose to $88.8 million, or 42 cents a share, from $25.2 million, or 12 cents a share, a year ago.
Excluding items, earnings were 47 cents a share.
Net sales of the company rose 2 percent to $2.41 billion.
Analysts, on average, expected earnings of 36 cents a share, excluding items, on revenue of $2.36 billion, according to Thomson Reuters I/B/E/S.
Net sales of the U.S. print and related segment rose 1.6 percent to $1.8 billion, while that of international segment rose 4.3 percent to $599.3 million, it said in a statement.
“The segment sales growth was driven by higher volume from all reporting units except Canada and business process outsourcing units,” Chief Executive Thomas Quinlan said on the call.
“Print is not going to go away. We’re going to evolve it, our customers are going to evolve it, and it’s going to be here.”
The company said tax rate declined to 26.5 percent in the second quarter from 64.6 percent a year ago.
Shares of the Chicago-based company were trading up about 3 percent at $17.68 in afternoon trade on Nasdaq. (Reporting by Swati Chitnis in Bangalore; Editing by Prem Udayabhanu; Unnikrishnan Nair)