Investing.com - Office Depot reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Office Depot announced earnings per share of $1.8 on revenue of $2.54B. Analysts polled by Investing.com anticipated EPS of $1.09 on revenue of $2.49B.
Office Depot shares are down 23% from the beginning of the year and are trading at $21.040 , down-from-52-week-high.They are under-performing the Nasdaq which is up 29.18% from the start of the year.
Office Depot follows other major Services sector earnings this month
Office Depot's report follows an earnings beat by Amazon.com on Thursday, October 29, 2020, who reported EPS of $12.37 on revenue of $96.15B, compared to forecasts EPS of $7.41 on revenue of $92.78B.
Alibaba ADR had beat expectations on Thursday with second quarter EPS of $17.97 on revenue of $155.06, compared to forecast for EPS of $14.18 on revenue of $155.88B.
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