Monday, November 19, 2012

Staples: Restructuring Charges, Online Competition Threaten Shareholder Returns


Shares of Staples (SPLS) ended the past trading week with gains of over 5%. The office products company reported its third quarter results on Wednesday.
Third Quarter Results
Staples reported third quarter revenues of $6.35 billion, down 2.0% on the year. The effect of a strong US dollar impacted revenues by a percent. Revenues fell short of analysts expectations of $6.46 billion.
Read the entire article on Seekingalpha by clicking the following link

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