BeaconEquity.com announces the publication of ‘Staples (SPLS) Earnings Fall 16%; Corporate Express Revenue Up’
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Staples (SPLS) Earnings Fall 16%; Corporate Express Revenue Up
”Office products chain Staples Inc. recently announced its second-quarter financials, reporting sliding second-quarter profit and an increase in overseas sales, attributed to Corporate Express…
“Revenue rose 18% to $5.07 billion; net income was at $150.2 million, or 21 cents a share, down from $178.8 million, or 25 cents a share, year-over-year. Analysts polled by Thomas Reuters were expecting earnings of 21 cents per share on $4.69 billion in revenue…
“Excluding results from Corporate Express, earnings were still equal to 21 cents. Sales fell short of analysts expectations to $4.4 billion. In July, preliminary estimates from Staples were for earnings to drop 15% on 3% sales growth…”
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