Plus   Neg

Office Depot Raises FY18 Sales Outlook - Quick Facts

While reporting its third-quarter financial results on Wednesday, Office Depot Inc. (ODP) reiterated its outlook for fiscal 2018 adjusted operating income and raised its forecast for full-year sales.

The company now forecasts fiscal 2018 sales of $11.0 billion, up from the prior outlook for sales of $10.8 billion. The company affirmed its outlook for adjusted operating income of $360 million.

On average, analysts polled by Thomson Reuters expect the company to report revenues of $10.92 billion for the year. Analysts' estimates typically exclude special items.

For fiscal 2019, Office Depot issued outlook for sales of $11.1 billion and adjusted operating income of $375 million. The Street expects revenues of $10.79 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Royal Bank of Canada (RY, RY.TO) reported that its first-quarter net income to shareholders increased to C$3.10 billion from C$2.93 billion, a year ago. Earnings per share was C$2.15 compared to C$2.01. Adjusted EPS was C$2.19 compared to C$2.05. On average, 12 analysts polled by Thomson Reuters expected... Google added bitcoin's 'B' symbol to its Keyboard on iOS devices, indicating the leading cryptocurrency's growing acceptance in the mainstream industry. The feature, however, is not added to Android keyboards. The addition of the bitcoin currency key reflects Google users' growing interest in bitcoin. According to Google Trends, 'What is Bitcoin?' was the most popular search question in 2018. Shares of Deutsche Telekom AG were losing around 2 percent in German trading after the telecom giant reported Thursday a net loss in its fourth quarter, compared to prior year's profit, despite increased revenues. Looking ahead, the company said its 2019 forecast shows undiminished growth momentum.
Follow RTT