Office Depot: 2Q Earnings Snapshot
BOCA RATON, Fla. (AP) _ Office Depot Inc. (ODP) on Wednesday reported a second-quarter loss of $24 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Boca Raton, Florida-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 7 cents per share.
The office supply retailer posted revenue of $2.59 billion in the period.
Office Depot expects full-year revenue in the range of $10.8 billion to $10.9 billion.
The company’s shares closed at $1.75. A year ago, they were trading at $2.52.