Jefferies Reiterates Hold on Staples (SPLS) Following 2Q Report
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Staples forecasts fifteenth straight quarterly sales decline
August 17, 2016 6:16 AM EDT(Reuters) - Staples Inc (NASDAQ: SPLS), the biggest U.S. office supplies retailer, forecast its 15th straight quarter of declining sales as it closes stores in the face of intensifying competition.
The company and former merger partner Office Depot Inc (NASDAQ: ODP) are struggling to compete with Wal-Mart Stores Inc (NYSE: WMT) and Amazon.com Inc (NASDAQ: AMZN) at a time when people are using less stationery.
Staples' shares were down 7.3 percent at $8.65 in... More
Staples (SPLS) Reports In-Line Q2 EPS
August 17, 2016 6:04 AM EDTStaples (Nasdaq: SPLS) reported Q2 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.78 billion.
Second Quarter 2016 Highlights
Staples Business Advantage, the companys North American contract business,... MoreTrading Radar for 8/17: Cisco (CSCO), Lowe's (LOW), JA Solar (JASO), Analog Devices (ADI), NetApp (NTAP) Report
August 16, 2016 2:28 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
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Economics:
7:00am EDT
Earnings:
American Eagle Outfitters (NYSE: AEO) - consensus EPS $0.21
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