- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
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.”
Key Stats (on next page)…
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.