Office Depot: Q1 Earnings Insights

Shares of Office Depot ODP rose 13% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 71.43% over the past year to $0.12, which beat the estimate of $0.07.

Revenue of $2,725,000,000 less by 1.59% from the same period last year, which beat the estimate of $2,670,000,000.

Guidance

Office Depot hasn't issued any earnings guidance for the time being.

Office Depot hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 06, 2020

Time: 01:03 PM ET

Webcast URL: https://edge.media-server.com/mmc/p/9jhwt6ud

Technicals

Company's 52-week high was at $2.81

Company's 52-week low was at $1.23

Price action over last quarter: down 13.04%

Company Profile

Office Depot Inc offers office products and services globally. The company uses multiple channels, including office supply stores, Internet sites, an outbound telephone account management sales force, direct marketing catalogs, and call centers. It offers a broad selection of branded office products, including its own branded products and services, under the Office Depot and OfficeMax brands. The product labels offered are TUL, Realspace, WorkPro, Office Depot, OfficeMax, Foray, Ativa, Brenton Studio, Highmark, Grand & Toy, and Viking Office Products.