AP NEWS

Office Depot: 3Q Earnings Snapshot

November 6, 2019 GMT

BOCA RATON, Fla. (AP) — Office Depot Inc. (ODP) on Wednesday reported third-quarter profit of $60 million.

The Boca Raton, Florida-based company said it had profit of 11 cents per share. Earnings, adjusted for non-recurring costs, were 15 cents per share.

The office supply retailer posted revenue of $2.78 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 $2.19. A year ago, they were trading at $2.68.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ODP at https://www.zacks.com/ap/ODP