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OfficeMax guides Q3, year down
(Investor's Business Daily)
Investor%27s Business Daily - The office supply retailer swung to a Q2 profit of 12 cents a share, beating views of a break-even quarter, helped by lower costs. Revenue edged down 0.3% to $1.65 bil, missing views of $1.67 bil. Same-store sales fell 0.3%. OfficeMax sees Q3 sales below prior-year sales of $1.83 bil, vs. views of $1.86 bil. The company also sees full-year sales at or below 2009%27s $7.21 bil vs. views of $7.29 bil. Shares dived 12.7%. |
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