Investing.com - ODP reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ODP announced earnings per share of $1.21 on revenue of $2.37B. Analysts polled by Investing.com anticipated EPS of $0.8501 on revenue of $2.42B.
ODP shares are up 44% from the beginning of the year, still down 11.96% from its 52 week high of $48.24 set on February 8. They are outperforming the Nasdaq which is up 5.78% from the start of the year.
ODP follows other major Services sector earnings this month
ODP's report follows an earnings beat by Amazon.com on April 29, who reported EPS of $15.79 on revenue of $108.52B, compared to forecasts EPS of $9.54 on revenue of $104.51B.
Visa A had beat expectations on April 27 with second quarter EPS of $1.38 on revenue of $5.73B, compared to forecast for EPS of $1.27 on revenue of $5.56B.
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