Zoran, Mentor Graphics: Small-Cap Winners
Office Depot (ODP) saw its shares rising 1.1% on double its average trading volume after it reported a narrower fourth-quarter loss and beat expectations on adjusted earnings. The company posted a net loss of $57.8 million, or 21 cents per share, for the period that ended Dec. 25. A year earlier, it posted a loss of $76.7 million, or 28 cents per share.
Excluding restructuring and other one-time charges, the company said it earned 9 cents per share. Analysts were expecting an adjusted loss of 3 cents per share.
--Written by Shanthi Bharatwaj in New York
>To contact the writer of this article, click here: Shanthi Bharatwaj.
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