Office Depot Inc. (NYSE: ODP) reported fourth-quarter and full-year 2015 results before markets opened Tuesday. For the quarter, the office supplies retailer posted adjusted diluted earnings per share (EPS) of $0.07 and $3.48 billion in revenues. In the same period a year ago, Office Depot reported EPS of $0.07 on revenue of $3.83 billion. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.11 and $3.56 billion in revenue.
For the full year, Office Depot reported EPS of $0.41 and revenues of $14.49 billion, compared with 2014 EPS of $0.22 and revenues of $16.1 billion. Analysts had estimated EPS of $0.46 and revenues of $14.57 billion.
Referring to the question on everyone’s mind concerning the company’s acquisition by Staples Inc. (NASDAQ: SPLS), CEO Roland Smith had this to say:
Regarding the pending acquisition by Staples, we look forward to presenting our case in U.S. federal district court and expect resolution by May 10, 2016. We continue to believe that this transaction provides substantial benefits to our customers and shareholders.
U.S. and Canadian regulators have blocked the transaction and the two companies have said they will contest that decision. European regulators approved the transaction earlier this month, provided that the companies divest certain assets.
24/7 Wall St.Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
