Staples Inc. on Thursday reported earnings for its third quarter in line with its expectations but revenue fell short of forecasts as same-store sales fell.
Earnings came in at $179 million, or 27 cents a share, compared with $198 million, or 31 cents a share, a year ago. Adjusted earnings came in at 34 cents a share.
Total company sales fell 4% to $5.4 billion in the quarter ended Oct. 29, missing estimates.
Same-store sales were down 4% in the period, more than the 3.2% decline analysts expected.
