posted third-quarter earnings that missed analysts' estimates by a penny.
The office supplies retailer earned 14 cents a share in the quarter, down from last year's earnings of 19 cents a share. The
First Call/Thomson Financial
survey of 19 analysts produced an expectation of 15 cents a share for the company's third quarter.
Total sales rose to $2.82 billion from $2.58 billion a year earlier. The company cited strong sales performance and market share growth in Internet sales and international services, but said overall quarterly results were hurt by weak North American retail sales, higher operating costs, under-performing stores and weak foreign currencies.
Office Depot shares were recently up 13 cents, or 1.9%, to $6.69 on the
New York Stock Exchange