The us framingham, Massachusetts, staples, said on Wednesday that its net income dropped 15% in the second quarter, because it is closed some stores, processing flow and lower selling computers, ink and toner.
The office supply company earnings below Wall Street expectations. Also cut its full-year profit and revenue forecast on Wednesday quoted a weaker-than-expected quarterly results.
Staples inc. Earned $102500000, or 16 cents a share, check during August 3rd. A year ago, it earned $120400000, or 1 8 cents per share.
Analysts on average expected higher 18 cents per share earnings.
From $5.43 billion in revenue fell 2% to $5.31 billion, a drag on the part of the store closed. Performance also hindered the overseas sales decline, this is the soft damage in Europe and Australia.
Wall Street has been looking for revenue of $5.37 billion.
Company has experienced a softer in Framingham, Massachusetts business sales and technical accessories, ink and toner and computer. Partly offset by better sales tablet, facilities and rest room supplies and photocopy and print services.
Many companies provide computers and electronic devices have seen more and more consumer shift to portable devices such as tablets and smartphones, and attempts to solve these changing needs to adjust their own inventory.
Same-store revenue at least a year, not including online sales, fell 3%, low flow rate drops, the average size of orders.
Online sales is one of the highlight, climbed 3%.
Looking forward to the future, staples now expects full-year earnings from continuing operations business $1.21 at $1.21 a share. Expected return, by low single-digit percentage decline. Prior to guide for the profit of $1.30 to $1.35 a share, a percentage of revenue increase compared to the low single digits.
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