UPDATE: Staples Posts Decline In Q1 Profit
Staples Inc (NASDAQ: SPLS) reported a drop in its first-quarter results.
Its quarterly net income declined to $187.1 million, or $0.27 per share, versus $198.2 million, or $0.28 per share, in the year-ago period.
The company's total sales dropped to $6.1 billion.
SPLS shares closed at $14.75 yesterday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.