OfficeMax says its first-quarter profit climbed 9 percent, helped by a gain from its investment in Boise Cascade.
The Naperville, Ill.-based office supply retailer says net income after preferred dividends rose to $62.4 million, or 81 cents per share, compared with $57.5 million, or 76 cents per share, a year earlier. Excluding one-time items, earnings per share were 68 cents, the company said.
OfficeMax Inc. reports revenue dipped 6 percent to $2.3 billion from $2.44 billion.
Analysts polled by Thomson Financial forecast earnings of 69 cents per share on sales of $2.34 billion. Estimates typically exclude one-time items. Read more
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The Naperville, Ill.-based office supply retailer says net income after preferred dividends rose to $62.4 million, or 81 cents per share, compared with $57.5 million, or 76 cents per share, a year earlier. Excluding one-time items, earnings per share were 68 cents, the company said.
OfficeMax Inc. reports revenue dipped 6 percent to $2.3 billion from $2.44 billion.
Analysts polled by Thomson Financial forecast earnings of 69 cents per share on sales of $2.34 billion. Estimates typically exclude one-time items. Read more
More...