Staples Earnings: Here’s Why Investors are Not Excited Now

Staples, Inc. (NASDAQ:SPLS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4.14%.

Staples, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12.2% to $0.46 in the quarter versus EPS of $0.41 in the year-earlier quarter.

Revenue: Rose 1.68% to $6.57 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Staples, Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.45. It missed the average revenue estimate of $6.72 billion.

Quoting Management: “During the fourth quarter we did a great job managing expenses in a challenging sales environment,” said Ron Sargent, Staples’ chairman and chief executive officer. “We’re making progress toward our new vision: Every product your business needs to succeed.”

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