The ODP Corporation Profit Retreats In Q3

The ODP Corporation (ODP) revealed earnings for third quarter that decreased from the same period last year

The company's bottom line came in at $68 million, or $2.04 per share. This compares with $82 million, or $2.09 per share, in last year's third quarter.

Excluding items, The ODP Corporation reported adjusted earnings of $24 million or $0.71 per share for the period.

The company's revenue for the quarter fell 11.3% to $1.780 billion from $2.007 billion last year.

The ODP Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $68 Mln. vs. $82 Mln. last year.
-EPS (Q3): $2.04 vs. $2.09 last year.
-Revenue (Q3): $1.780 Bln vs. $2.007 Bln last year.

-Guidance:
Full year EPS guidance: $3.10 - $3.80

by RTTNews Staff Writer

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