10:02 am Staples Lower Following Earnings Results
Staples (SPLS 16.14 -0.36) is trading lower this morning following quarterly results, which came in mixed.
For the fourth quarter, the company reported earnings of $0.31 per share, excluding non-recurring items, which slightly topped expectations. On the top line, revenues fell 3.7% year/year to $5.66 billion, which came in a little short of expectations.
Fourth quarter North America comps were -4%. The company grew North American copy and print sales in the high single digits in comparable stores, and double digits in both …More