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Staples Inc. (SPLS) Is Losing Ground On Weak 2013 Guidance

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Staples Inc. (SPLS) reported fourth quarter adjusted net income from continuing operations of $0.46 per share Wednesday morning, up from $0.41 per share a year ago. The consensus estimate was for EPS of $0.45. The company expects full year 2013 earnings per share from continuing operations to be in the range of $1.30 to $1.35. Analysts expect the company to report 2013 profit per share of $1.43.

Staples gapped open lower Wednesday and has continued to decline in early trade. The stock is now down 0.90 at $12.39. Staples has fallen to a month and a half low and has dropped below its 50-day moving average.

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