Office Depot (ODP) Reports Inline Q2 EPS

Office Depot (NASDAQ: ODP) reported Q2 EPS of $0.06, inline with the analyst estimate of $0.08. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.44 billion.

Guidance:

(emphasis Street Insider) "Office Depot continues to expect total company sales in 2017 to be lower than 2016, primarily due to the impact of planned store closures, prior year contract customer losses, continued challenging market conditions and returning to a 52-week fiscal year. However, the company expects the rate of sales decline to improve in the second half of 2017 based on improvements in customer retention, implementation of new customer wins and growth from strategic business initiatives. "

For earnings history and earnings-related data on Office Depot (ODP) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Carnival Corp. (CCL) Tops Q2 EPS by 8c, Beats on Revenue; Offers Guidance
• CVG to join Russell 2000 and Russell 3000 indexes June 26