Thursday, April 26, 2007

Office Depot sales miss, shares fall

(Reuters) - "Sales in the second quarter may be similarly affected if the current business conditions persist in North America," Chief Executive Steve Odland said in a release.

The Delray Beach, Florida-based company, which operates nearly 1,200 retail stores in the United States and Canada, said quarterly sales rose 7.1 percent to $4.1 billion, missing the analysts' average forecast of $4.2 billion, according to Reuters Estimates.


Read more at Reuters.com Hot Stocks News

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