Uploaded by FinancialNewsOnline on Nov 15, 2011
Staples (NASDAQ:SPLS) Reported Q3 Earnings before the markets opened on Tuesday, posting EPS of $0.47, which was in-line with analyst estimates. Revenue for the quarter came in at $6.6 billion, falling short of estimates for $6.71 billion.
Ron Sargent, Staples' chairman and chief executive officer said, "Our results in North America reflect our team's ability to drive strong profit improvement in a tough environment. International results were weaker than expected as tight expense management was more than
offset by very challenging top line trends."
Staples (NASDAQ:SPLS) has potential upside of 19.6% based on a current price of $15.37 and an average consensus analyst price target of $18.38.
Ron Sargent, Staples' chairman and chief executive officer said, "Our results in North America reflect our team's ability to drive strong profit improvement in a tough environment. International results were weaker than expected as tight expense management was more than
offset by very challenging top line trends."
Staples (NASDAQ:SPLS) has potential upside of 19.6% based on a current price of $15.37 and an average consensus analyst price target of $18.38.
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