Investing.com - Office Depot reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Office Depot announced earnings per share of $0.12 on revenue of $2.73B. Analysts polled by Investing.com anticipated EPS of $0.07 on revenue of $2.67B. That with comparison to EPS of $0.07 on revenue of $2.77B in the same period a year before.Office Depot had reported EPS of $0.12 on revenue of $2.51B in the previous quarter.Analysts are expecting EPS of $0.06 and revenue of $2.51B in the upcoming quarter.
Office Depot shares are down 32% from the beginning of the year and are trading at $1.850 , down-from-52-week-high.They are under-performing the Nasdaq which is down 2.55% year to date.
Office Depot follows other major Services sector earnings this month
Office Depot's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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