Investing.com - ODP reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ODP announced earnings per share of $0.71 on revenue of $2.04B. Analysts polled by Investing.com anticipated EPS of $0.5556 on revenue of $1.98B.
ODP shares are up 9% from the beginning of the year, still down 16.38% from its 52 week high of $51.40 set on June 7, 2021. They are outperforming the Nasdaq which is down 14.47% from the start of the year.
ODP follows other major Consumer Discretionary sector earnings this month
ODP's report follows an earnings beat by Amazon.com on February 3, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Tesla had beat expectations on January 26 with fourth quarter EPS of $2.54 on revenue of $17.72B, compared to forecast for EPS of $2.36 on revenue of $17.13B.
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