Office Depot: Q2 EPS flat.
(CercleFinance.com) - Office Depot reported adjusted net earnings from continuing operations of 34 million dollars for its second quarter, meaning EPS of six cents, unchanged from the same period a year ago.
The office equipment and supplies distributor reported adjusted operating profit of 68 million dollars, meaning a 0.1 point fall in its operating margin at 2.9%, on revenues that were down 9% at just under 2.4 billion dollars (-6% like-for-like).
Office Depot is still looking for adjusted operating profit of around 500 million dollars, along with a decrease in FY 2017 revenues, although this fall has slowed in the second half of the year.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The office equipment and supplies distributor reported adjusted operating profit of 68 million dollars, meaning a 0.1 point fall in its operating margin at 2.9%, on revenues that were down 9% at just under 2.4 billion dollars (-6% like-for-like).
Office Depot is still looking for adjusted operating profit of around 500 million dollars, along with a decrease in FY 2017 revenues, although this fall has slowed in the second half of the year.
Copyright (c) 2017 CercleFinance.com. All rights reserved.