Investing.com - The largest U.S. office supplies chain Staples reported worse-than-expected first quarter earnings as revenue figures came in below estimates, it announced early Wednesday.
Earlier in the day, in its first quarter earnings report, Staples said earnings per share came in at USD0.26, compared to expectations for earnings of USD0.27 per share.
The company’s first quarter revenue totaled USD5.81 billion, below expectations for revenue of USD5.91 billion.
The outlook for U.S. equity markets was mildly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.1% at the open, S&P 500 futures added 0.2%, while the Nasdaq 100 futures indicated a gain of 0.2% at the open.
Earlier in the day, in its first quarter earnings report, Staples said earnings per share came in at USD0.26, compared to expectations for earnings of USD0.27 per share.
The company’s first quarter revenue totaled USD5.81 billion, below expectations for revenue of USD5.91 billion.
The outlook for U.S. equity markets was mildly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.1% at the open, S&P 500 futures added 0.2%, while the Nasdaq 100 futures indicated a gain of 0.2% at the open.