UPDATE: Office Depot Posts Q4 Loss
Office Depot (NYSE: ODP) reported a fourth-quarter loss.
Office Depot posted a quarterly loss of $120 million, or $0.34 per share, versus a year-ago loss of $7 million, or $0.06 per share. Excluding special items, its adjusted loss came in at $0.03 per share.
Its total sales rose 33% to $3.49 billion, versus analysts' estimates of $4.03 billion.
Office Depot shares fell 2.24% to $5.24 in pre-market trading.
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