No. 2 U.S. office supply retailer Office Depot Inc reported a weaker-than-expected quarterly profit on Tuesday, hurt by slow sales. The results come as the retailer's board faces heat from its largest shareholder, Starboard Value LP, for being ineffective. The company also awaits investor and regulatory approval for its deal to purchase rival OfficeMax Inc.Office Depot reported a first-quarter net loss $17 million, or 6 cents a share, compared with net earnings of $41 million, or 14 cents a share, a year earlier.Excluding merger-related costs, restructuring and asset impairment charges, the earnings were flat. Analysts on average expected a profit of 5 cents per share, according to Thomson Reuters I/B/E/S.
Office Depot, Inc. (Office Depot) is a global supplier of office products and services. Shares of ODP remained unchanged at $3.70. In the past year, the shares have traded as low as $1.51 and as high as $6.10. On average, 11097200 shares of ODP exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $33.72. In the past year, the shares have traded as low as $26.20 and as high as $33.74. On average, 1097690 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.95% or $0.32/share to $34.10. In the past year, the shares have traded as low as $26.65 and as high as $34.12. On average, 1201120 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1896834.
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