The ODP Corporation Q1 adjusted earnings Beat Estimates

The ODP Corporation (ODP) released a profit for its first quarter that rose from last year.

The company's bottom line came in at $53 million, or $0.95 per share. This compares with $45 million, or $0.84 per share, in last year's first quarter.

Excluding items, The ODP Corporation reported adjusted earnings of $68 million or $1.21 per share for the period.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 13.2% to $2.37 billion from $2.73 billion last year.

The ODP Corporation earnings at a glance:

-Earnings (Q1): $68 Mln. vs. $66 Mln. last year.
-EPS (Q1): $1.21 vs. $1.21 last year.
-Analysts Estimate: $0.72
-Revenue (Q1): $2.37 Bln vs. $2.73 Bln last year.

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