http://www.reuters.com/article/companyNewsAndPR/idUSN2832760420091029
OFFICEMAX Q3 SALES FALL 12%
-OfficeMax profit misses views; 4th-qtr loss seen
NEW
YORK, Oct 09- OfficeMax Inc reported a weaker-than-expected quarterly
profit as the No. 3 U.S. office products retailer’s sales suffered in
the recession, and it forecast an operating loss in the current
quarter.OfficeMax said net income was $5.7 million, or 7 cents a share
in the third quarter, compared with a year-earlier net loss of $432.7
million, or $5.70 a share.Excluding one-time items, the retailer earned
8 cents a share, missing the analysts’ average forecast of 14 cents,
according to Thomson Reuters I/B/E/S.
Sales fell 12.6 percent to $1.83 billion.
Office
supply sellers have struggled with softer sales as consumers and small
businesses curtail spending, especially on expensive items like
furniture and computers.