Tags: Office Depot | Earnings | Profit | Losses

Office Depot Reports First Profit After Three Quarters of Losses

Tuesday, 04 Nov 2014 07:54 AM

Office supply retailer Office Depot Inc. reported its first quarterly profit after three quarters of losses, and raised its full-year adjusted operating income forecast.

Net income attributable to common shareholders was $29 million, or 5 cents per share, for the third quarter ended Sept. 27, compared with $133 million, or 41 cents per share, a year earlier, when it had a gain from the sale of its Mexico joint venture.

Revenue rose to $4.1 billion from $2.62 billion after including sales from its OfficeMax acquisition.

Office Depot raised its 2014 forecast for adjusted operating income to between $255 million and $265 million. It had earlier expected not less than $200 million.


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Office supply retailer Office Depot Inc.reported its first quarterly profit after three quarters of losses, and raised its full-year adjusted operating income forecast.
Office Depot, Earnings, Profit, Losses
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2014-54-04
Tuesday, 04 Nov 2014 07:54 AM
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