— Office Depot Inc. (NASDAQ: ODP) reported adjusted earnings from continuing operations of $0.12 per share for the fourth quarter, vs. breakeven expected.
— Net income from continuing operations, on an unadjusted basis, was $55 million or $0.10 per share, compared to a loss of $14 million or $0.02 per share last year
— Net sales declined 6% annually to $2.51 billion during the three-month period, vs. $2.62 billion expected.
— The top-line was impacted by lower sales at all the three business segments – Retail Division, CompuCom Division, and Business Solutions Division. Both product sales and service revenue dropped 6%
— Fourth-quarter adjusted EBITDA increased to $156 million from $138 million in the prior-year period
— Office Depot repurchased about 11 million shares for $29 million in the fourth quarter
— Expects full-year 2020 sales to be around $10.5 billion. Looking for adjusted EBITDA of about $550 billion
— Expects adjusted operating income to be approximately $350 million in 2020, and free cash flow to be about $300 million
Nutanix (NASDAQ: NTNX) reported first-quarter 2021 financial results after the regular trading hours on Monday. The software firm reported Q1 revenue of $312.8 million, down 0.6% year-over-year, but higher than
Urban Outfitters, Inc. (NASDAQ: URBN) reported third quarter 2021 earnings results today. Net sales decreased 1.8% year-over-year to $970 million. Net income was $77 million, or $0.78 per share, compared to
After starting the week on a positive note, major stock indexes witnessed volatility and slipped mid-week. Meanwhile, the S&P 500 index regained a part of the lost momentum and closed