The Technical Take: Staples Flat After Mixed Q3 Report, Lower Guidance

Staples, Inc. SPLS shares are unchanged at $8.98 in Thursday's session. Before the open, the company reported an inline Q3 report for EPS, but with a slight miss for revenues. The company reduced its Q4 EPS guidance from estimates of $0.27-$0.23 to the $0.26 range.

So far, the issue has traded just outside of the top and bottom of its range from Wednesday. On the upside, it peaked just about the top of Wednesday's range ($9.14) at $9.17. On the downside, it has found buyers one penny under Wednesday's low ($8.77) at $8.76.

The issue is attempting to post its first close over $9.00 since August 16, when it ended the session at $9.33.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!