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Actionable news in ODP: Office Depot, Inc.,

Here's a Reason Why Office Depot (ODP) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Office Depot (ODP) were falling 6.35% to $3.54 in early-afternoon trading on Wednesday after rival office supplies retailer Staples (SPLS) said this morning that sales will likely fall year-over-year in the current quarter.

Staples expects to report 2016 third-quarter adjusted per-share earnings between 32 cents and 35 cents. Analysts surveyed by Thomson Reuters are looking for earnings of 35 cents a share.

The company's results have been negatively impacted as the workplace becomes increasingly digital...


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