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Office Depot profit retreats 3% in Q3

Staff Writer | November 2, 2016
Office Depot revealed earnings for third quarter that fell compared to the same period last year.
Office Depot
Office Depot   Earnings fell to $89 million
The company said its earnings fell to $89 million, or $0.16 per share. This was lower than $92 million, or $0.17 per share, in last year's third quarter.

The company said revenue for the quarter fell 6.9% to $2.84 billion. This was down from $3.05 billion last year.

Office Depot Inc. earnings at a glance:

-Earnings (Q3): $89 million vs. $92 million last year
-Earnings Decline (Y-o-Y): -3.3%
-EPS (Q3): $0.16 vs. $0.17 last year
-EPS Decline (Y-o-Y): -5.9%
-Analysts Estimate: $0.15
-Revenue (Q3): $2.84 billion vs. $3.05 billion last year
-Revenue Change (Y-o-Y): -6.9%.