UPDATE: Office Depot Posts Q4 Loss

Office Depot

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.