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Office Depot, Inc. Message Board

  • one_dogydog one_dogydog Oct 25, 2011 8:17 PM Flag

    Office Depot Earning Was not bad

    The wall street criminals took down %10 for nothing . Just Manipoulation.

    considering all the challenges that the Company had and the way that the

    Economy down with I think that office Depot did fine.

    This Stock should go up tomorrow.

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    • I agree, given the challenges the company is facing it is doing okay..

    • Not bad ? With barely breaking even and decline in revenue ...

      The office supply retailer said Tuesday that it earned $91.7 million, or 28 cents, per share, for the period ended Sept. 24. That's up from $32 million, or 12 cents per share, a year earlier.

      Excluding $6 million in restructuring charges and other costs and a $99 million tax benefit, the company lost about $700,000, or break-even per share

      Analysts expected earnings of a penny per share, according to a poll by FactSet.

      Revenue slipped 2 percent to $2.84 billion from $2.9 billion as sales for its North American retail and business solutions units both declined. Wall Street forecast revenue of $2.9 billion.

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