Staples, Inc. (NASDAQ:SPLS) reported on Wednesday that its quarterly profit unsuccessful to meet Wall Street anticipations, as US and European businesses continue to tamp down on expenses.
Net income was $187.1 million, 27 cents per share, declining 6 percent from a year previous. Analysts anticipated earnings of 30 cents per share.
Staples expects slow growth in American and weak demand in Europe to hold back its businesses current year, but the firm did reaffirm its 2012 earnings outlook. Analysts’ estimates call for profit of $1.50 a share for the year.
Turning towards the sector Office Depot Inc (NYSE:ODP) lost -2.62%, Francesca’s Holdings Corp (NASDAQ:FRAN) fell -8.55%, Barnes & Noble, Inc. (NYSE:BKS) moved down -2.34%, Coinstar, Inc. (NASDAQ:CSTR) dropped -2.97%, OfficeMax Incorporated (NYSE:OMX) which also decreased -5.37% and Sothebys (NYSE:BID) slipped -2.46%.
Staples, Inc. (NASDAQ:SPLS) stock reports on May 16, 2012 slipped -5.69% to the closing price of $13.91. Its fifty two week range was $11.94-$17.09. The total market capitalization remained $9.65 billion.
The overall volume in the last trading session was 37.94 million shares. In its share capital SPLS has 691.94 million outstanding shares among them 687.09 million shares have been floated in market exchange. SPLS stock institutional ownership remained 94.39% while insider ownership included 0.54%.
SPLS is ahead its 52 week low with 18.98% and lagging behind from its 52 week high price with -30.36%. SPLS last month stock price volatility remained 2.23%. The stock price of SPLS is moving down from its 20 days moving average with -8.73% and remote negatively from 50 days moving average with -11.50%.
SPLS current year earnings per share experienced an addition with 15.17% while its current quarter performance remained -6.89%. Company’s beta coefficient included 0.91. Beta factors measures the amount of market risk associated with market trade.
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