Office Depot Announces Third Quarter 2018 Results
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Office Depot (ODP) Tops Q3 EPS by 1c, Revenues Beat; Lifts FY18 Revenue Guidance Above Consensus, Offers FY19 Revenue Views Above Estimates
November 7, 2018 6:53 AM ESTOffice Depot (NASDAQ: ODP) reported Q3 EPS of $0.13, $0.01 better than the analyst estimate of $0.12. Revenue for the quarter came in at $2.89 billion versus the consensus estimate of $2.83 billion.
Reported Sales of $2.9 Billion, Up 10%Business Solutions Division (BSD) Sales Up 6%; Up 1% OrganicallyService Revenues up 28% in BSD and up 11% in Retail Division(1)Retail sales down 6%; down 5% adjusted for new revenue recognition... More