Staples Missed Q4 Estimates, Issued Q1 And 2011 EPS Guidance (SPLS)
Автор: FinancialNewsOnline
Загружено: 2011-03-02
Просмотров: 212
Описание:
Staples (NASDAQ:SPLS) reported Q4 EPS of $0.39, missing consensus estimates of $0.41 per share. Revenues for the quarter rose less than 1% year-over-year to $6.42 billion, missing consensus estimates of $6.46 billion.
The company sees Q1 GAAP EPS of $0.30 to $0.32 and 2011 GAAP EPS of $1.50 to $1.60.
Ron Sargent, Staples' chairman and chief executive officer, said, "I'm proud of all that we achieved in 2010. We got back to growing the top-line, achieved solid operating margin expansion and earnings growth, and generated over a billion dollars in free cash flow. While the fourth quarter was challenging primarily due to the impact of winter storms, sales have recovered in the first quarter of 2011. Our business is healthy, we're investing in the right things, and our growth initiatives are gaining traction and positioning us well for a strong 2011."
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