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Office Depot Inc. Q1 adjusted earnings Inline With Estimates

Office Depot Inc. (ODP) revealed a profit for first quarter that declined from the same period last year.

The company's bottom line totaled $8 million, or $0.01 per share. This compares with $41 million, or $0.07 per share, in last year's first quarter.

Excluding items, Office Depot Inc. reported adjusted earnings of $39 million or $0.07 per share for the period.

Analysts had expected the company to earn $0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.1% to $2.77 billion from $2.83 billion last year.

Office Depot Inc. earnings at a glance:

-Earnings (Q1): $39 Mln. vs. $45 Mln. last year.
-EPS (Q1): $0.07 vs. $0.08 last year.
-Analysts Estimate: $0.07
-Revenue (Q1): $2.77 Bln vs. $2.83 Bln last year.

Full year revenue guidance: $10.8 - $10.9 Bln

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