Why ACCO Brands Stock Jumped 20% Today

Shares of ACCO Brands (NYSE: ACCO) popped more than 20% on Wednesday, following the release of the company's second-quarter financial results. 

The owner of brands such as Five Star and Mead delivered record sales of $518.7 million, representing year-over-year growth of 4% and 6.8% when excluding the impact of foreign currency movements.

Better still, ACCO Brands' operating income jumped 18.5% to $61.4 million, while net income surged 39.7% to $35.9 million. All told, the company's earnings per share came in at $0.35, which was above analysts' estimates for EPS of $0.32. 

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