The company's forecast for 2013 was below analysts' estimates, however. Staples expects 2013 earnings between $1.30 and $1.35 a share, compared with analysts' expectations of $1.44 a share.
Staples said it will be investing more in online and mobile efforts and expanding its product assortment targeted at business customers.
The company also increased its quarterly dividend by 9%.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.
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