|Bid||1.2714 x 106000|
|Ask||1.2966 x 102000|
|Day's Range||1.2534 - 1.2696|
|52 Week Range||1.1926 - 3.3000|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||9.54|
|Forward Dividend & Yield||0.09 (4.93%)|
|1y Target Est||N/A|
Office Depot Inc. stock rose nearly 3% in Wednesday premarket trading after the business supply retailer reported second-quarter earnings that beat expectations. Net losses totaled $24.0 million, or 4 cents per share after net income of $16.0 million, or 3 cents per share, last year. Adjusted EPS of 7 cents was ahead of the 5-cent FactSet consensus. Sales totaled $2.59 billion, down from $2.63 billion last year but in line with the FactSet guidance. Same-store sales in the retail division fell 4% due to lower traffic. The FactSet consensus was for a 4% decline. For 2019, Office Depot expects sales of $10.8 billion to $10.9 billion. FactSet guidance is for $10.84 billion. Office Depot stock has tumbled 32.2% for the year to date while the S&P 500 index is up 15% for the period.
Office Depot (NASDAQ: ODP ) announces its next round of earnings this Wednesday, August 7. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Analysts ...
On a per-share basis, the Boca Raton, Florida-based company said it had net income of 1 cent. Earnings, adjusted for restructuring costs, came to 7 cents per share. The results exceeded Wall Street expectations. ...
Office Depot (NASDAQ: ODP ) announces its next round of earnings this Wednesday, May 8. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue Office Depot ...
Portland, ME, based Investment company Aristotle Fund Lp buys SINA Corp, Simon Property Group Inc, sells Office Depot Inc during the 3-months ended 2019Q1, according to the most recent filings of the investment ...
Stocks that moved substantially or traded heavily on Thursday: Tesla Inc., down $24.03 to $267.78 The electric car maker's assembly lines slowed and deliveries fell during its first quarter. Resources ...
tumbled 15.4% to $3.19 Thursday after the office supplies retail chain warned of disappointing first-quarter revenue and operating income due to a lower-than-expected performance at its CompuCom division. The Boca Raton, Florida-based company said it expects revenue to total about $2.76 billion and adjusted operating income of about $65 million, including a $15 million operating loss for CompuCom. The shortfall is being driven primarily by lower-than-expected revenue from existing customer projects, the company said, worsened by a disproportionate reduction in expenses.
Office Depot agreed this week to pay a $25 million settlement with the Federal Trade Commission for allegedly lying to customers in order to get them to pay for tech support. The retailer offered consumers a free virus scan, which would claim to the person's computer was infected with malware even if it wasn't. According to the FTC, Office Depot scammed customers out of millions of dollars for computer repair services between 2009 and November 2016.
WASHINGTON (Reuters) - Retailer Office Depot Inc and software firm Support.com Inc have agreed to pay $35 million to settle U.S. Federal Trade Commission allegations the companies tricked consumers into ...
Office Depot Inc (NASDAQ: ODP ) announced a new partnership Monday with China's Alibaba Group Holding Ltd (NYSE: BABA ) that adds to the office supply retailer's "compelling transformation story," ...
Since then, the U.S. president has continued to flay China for the massive trade imbalance between the two nations. One of those quick to show his face was Jack Ma, the founder of Alibaba Group Holding Ltd., who vowed to create one million new U.S. jobs even before Trump took office. Ma later walked back that commitment, blaming the growing trade war as a reason that couldn’t happen, even though the figure was the result of some creative accounting and unlikely to go through, anyway. Nevertheless, the sentiment seemed real: Alibaba would help U.S. small and medium businesses (SMBs) and farmers sell their wares to China.
Office Depot stock touched a 16-month high Monday after announcing it partnered with China e-commerce leader Alibaba that aims to expand their opportunities working with small businesses.
On Monday, an eight-day patent infringement trial involving the companies is kicking off at a federal court in Qualcomm's hometown of San Diego. The company could appeal an adverse ruling, and just as importantly, the damages that Qualcomm is seeking here are equal to just a fraction of the patent royalties that the companies are fighting over.
announced a partnership that will create an online store to allow small- and medium-sized U.S. businesses access to the global marketplace. The companies said the partnership will leverage Office Depot's customer base, sales force of 1,800, supply chain network and physical locations with Alibaba's online presence to give U.S. business owners the infrastructure they need to compete globally. The new online venture will be branded Office Depot on Alibaba.com.
NEW YORK (AP) — Office Depot and Alibaba.com are creating a co-branded online store to expand the reach of both companies with small and medium size businesses.
While the Chinese e-commerce giant has inked deals with U.S. companies including Kroger Co to sell products in China through its online marketplace Tmall.com, the deal with Office Depot marks Alibaba.com's first business-to-business collaboration with a major U.S. company. The partnership would give Alibaba access to Office Depot's 10 million customers and 1,800 sales agents. Alibaba would also be able to take advantage of Office Depot's distribution network that offers next day delivery in the United States, the companies said in a joint statement.