Mark Elwa
All posts from Mark Elwa
Mark Elwa in Gainers & Losers,

Staples quarterly sales miss Wall Street's mark

Office-supplies retailer Staples posted quarterly earnings that met expectations, but sales were under Wall Street's consensus estimate. Fiscal third-quarter net earnings were $198 million, or 31 cents a share, compared with $217 million, or 34 cents a share, a year ago. 

Adjusted per-share earnings were 35 cents a share, and revenue of $5.59 billion was down from $5.96 billion in the same period last year. Analysts polled by FactSet were looking for adjusted earnings of 35 cents a share, and revenue of $5.67 billion. 

Staples also said it expects fourth-quarter sales "to decrease versus the fourth quarter of 2014."

I think today will be the last day of correction. Try to find a moment for buying this stock