Staples Meets Profit Estimates: Earnings Alert
Fourth-quarter profit rises 3.2%.
NEW YORK (
) --
Staples
(SPLS)
, the office-product retailer, said fourth-quarter profit rose 3.2%.
- Net income: $283.6 million, or 41 cents a share, up from a $274.7 million, or 38 cents a share;
- Revenue: Up 0.7% to $6.46 billion;
- Analysts' expectations: Net income of 41 cents a share on revenue of $6.45 billion;
- Outlook: Fiscal-year profit to increase in the high single-digit percentage range over the year earlier's adjusted profit of $1.37 a share; fiscal-year sales to rise in the low single-digits.
