On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
50° Feels Like: 50°
Wind: ESE 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Showers 64°

Tonight

Thundershowers 48°

Tomorrow

Scattered Thunderstorms 66°

Alerts

Staples quarterly profit misses analysts' estimates

A family leaves the Staples store in Broomfield, Colorado August 17, 2011 as the back-to-school shopping season begins. REUTERS/Rick Wilking
A family leaves the Staples store in Broomfield, Colorado August 17, 2011 as the back-to-school shopping season begins. REUTERS/Rick Wilking

(Reuters) - Staples Inc reported a slightly lower-than-expected quarterly profit on Wednesday, hurt by a stronger dollar and weak sales in Europe and Australia.

The largest U.S. office supplies retailer said income from continuing operations fell to $170.4 million, or 26 cents a share, in the first quarter ended on May 4 from $192.9 million, or 28 cents a share, a year earlier.

Analysts on average were looking for a profit of 27 cents a share on that basis, according to Thomson Reuters I/B/E/S.

(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)

Comments