Office Depot Inc (NYSE:ODP), which has decided to merge with OfficeMax Inc (NYSE:OMX), reported on Tuesday a loss for fiscal Q1, mainly tumbled by charges and lower sales owing to a shift in holidays.
Office supplies and services provider’s net earnings would have been almost $1 million or $0.00 a share without special charges, evaluated against $30 million or $0.11 a share in the similar period a year ago.
Thomson Reuters 16 analysts survey on average forecasted to announce earnings of $0.05 a share for three months period.
At the current trading session, Office Depot Inc (NYSE:ODP) shares are up +5.54% to $3.90 while the stocks are trading within the range of $3.63 – $3.91. In the past year, the stock has traded within a range of $1.51 – $6.10. The current session’s volume of 4.05 million shares is lower from their average daily trading volume of 6.57 million shares.
Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) announced on Tuesday that it lifted its EPS outlook for full-year 2013 as Stamford, Connecticut based company’s profit and revenues for fiscal Q1 surpass Wall Street forecasts.
Net income in fiscal first quarter hiked to $213 million or $1.09 a share from $128 million or $0.65 a share in the similar period a year ago.
Thomson Reuters 29 analysts survey on average forecasted earnings of $0.53 a share for three months period.
Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) shares are up +3.91% to $64.97 while the stock is trading within the range of $63.38 – $65.19 in the current trading session. In the last 12 months the shares have traded between $47.41 and $65.19. The current session’s volume of 1.43 million shares is lower from their average daily trading volume of 2.01 million shares.
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