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Office Depot (ODP) Stock Jumps on Q3 Earnings Beat

NEW YORK (TheStreet) -- Shares of Office Depot (ODP) were gaining in pre-market trading on Wednesday after the company posted higher-than-anticipated earnings for the 2016 third quarter.

Before the market open, the Boca Raton, FL-based office supplies retailer reported adjusted earnings of 16 cents per share, topping analysts' estimates of 15 cents per share.

Revenue fell 7% year-over-year to $2.84 billion and missed Wall Street's projections of $3.49 billion.

For the fourth quarter, Office Depot said it...