Investing.com - ODP reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ODP announced earnings per share of $0.79 on revenue of $2.03B. Analysts polled by Investing.com anticipated EPS of $0.4566 on revenue of $2.04B.
ODP shares are up 11.27% from the beginning of the year, still down 24.32% from its 52 week high of $48.32 set on August 5, 2021. They are outperforming the S&P 500 which is down 14.16% from the start of the year.
ODP follows other major Consumer Discretionary sector earnings this month
ODP's report follows an earnings missed by Amazon.com on July 28, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on July 20 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
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