NEW YORK (TheStreet) -- Shares of Staples Inc (SPLS) are lower by 1.71% to $16.13 in pre-market trading Wednesday, after the home and office supplies retailer released its 2015 first quarter earnings results before the opening bell earlier this morning.
For the first quarter ended April 2015, the company earned 17 cents per share on revenue of $5.26 billion.
Staples has been forecast to post earnings of 17 cents per share on revenue of $5.47 billion for the quarter, according to analysts polled by Thomson Reuters.
In the same quarter of last year, Staples earned 18 cents per diluted share on revenue of $5.65 billion.
Farmingham, Mass.-based Staples is an office products company that provides a range of products, Websites and mobile platforms, an integrated retail and online shopping experience and a range of copy and print and technology services.
Separately, TheStreet Ratings team rates STAPLES INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate STAPLES INC (SPLS) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."