Thursday, July 26, 2007

Office Depot posts lower quarterly profit

(Reuters) - Excluding special items, Office Depot said it earned 43 cents a share for the quarter. On that basis, analysts, on average, were expecting Office Depot to earn 43 cents a share for the quarter.




The Delray Beach, Florida-based company, which operates 1,186 stores in the United States and Canada, said quarterly revenue rose 4 percent to $3.6 billion. The average Reuters estimate was about $3.7 billion.


Read more at Reuters.com Market News

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