logo
Plus   Neg
Share
Email

Office Depot Trims FY19 Sales Outlook - Quick Facts

While reporting financial results for the first quarter, Office Depot Inc. (ODP) lowered its sales and adjusted operating income guidance for the full-year 2019.

For fiscal 2019, the company lowered its sales guidance to a range of $10.8 billion to $10.9 billion from the previous outlook for sales of about $11.1 billion. Adjusted operating is now seen in the range of $325 million to $350 million, down from the prior guidance $375 million.

On average, analysts polled by Thomson Reuters expect the company to report revenues of $10.90 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
US investment bank JPMorgan Chase & Co. reported Tuesday a profit for the third quarter that increased 8 percent from last year, driven by record revenues, partially offset by higher provision for credit losses and lower interest rates. Both earnings per share and revenues for the quarter topped analysts' expectations. While reporting financial results for the third quarter, Johnson & Johnson (JNJ) on Tuesday raised its earnings and sales forecast for the full year 2019. For fiscal 2019, the company now projects adjusted earnings in a range of $8.62 to $8.67 per share and adjusted operational earnings in a range... Uber Technologies Inc. (UBER) said Monday that it laid off about 350 employees across several different teams, as part of its final phase of layoffs of the process it began earlier this year.
RELATED NEWS
Follow RTT
>