The ODP Corporation Q4 Profit Increases, beats estimates

The ODP Corporation (ODP) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $32 million, or $0.61 per share. This compares with $31 million, or $0.57 per share, in last year's fourth quarter.

Excluding items, The ODP Corporation reported adjusted earnings of $37 million or $0.71 per share for the period.

Analysts on average had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.4% to $2.04 billion from $2.09 billion last year.

The ODP Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $32 Mln. vs. $31 Mln. last year.
-EPS (Q4): $0.61 vs. $0.57 last year.
-Analyst Estimate: $0.49
-Revenue (Q4): $2.04 Bln vs. $2.09 Bln last year.

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