Staples Reports Mixed Q4 Results, Top Line Up 4% (SPLS)
3/2/2010- Staples (NASDAQ: SPLS) reported fiscal Q4 EPS of $0.38 per share, ex-items, missing the consensus estimates by one penny.
Revenues for the quarter rose 4% year-over-year to $6.4 billion, ahead of the consensus estimates of $6.3 billion.
The company sees fiscal Q1 EPS of $0.25 to $0.27 per share, ex-items, vs. the consensus estimates of $0.27 per share, and fiscal 2010 EPS of $1.23 to $1.33, vs. the consensus estimates of $1.15 per share.
Chairman and CEO Ron Sargent said, "With a strong finish in the fourth quarter, our team delivered a solid 2009. We made great progress on the integration of Corporate Express, took big steps toward building a global Staples brand, laid a solid foundation for growth in our technology services and copy and print businesses, and strengthened our international leadership team."
Write to Chip Brian at cbrian@tradethetrend.com
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