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Office Depot Posting Steep Loss After Lowering Guidance

After falling sharply early in the session, shares of Office Depot (ODP) continue to see considerable weakness in afternoon trading on Wednesday. Office Depot is currently down by 15 percent after hitting its lowest intraday level in almost eleven months.

The early sell-off by Office Depot came after the office supplies retailer lowered its guidance for adjusted operating income in fiscal 2017.

by RTT Staff Writer

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