*OFFCIEMAX POSTED A LOSS OF $ 25M

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*OFFCIEMAX POSTED A LOSS OF $ 25M

 user 2006-05-01 at 9:57:00 am Views: 81
  • #15069

    ‘Max posts wider loss after store closures
    MAI 2006 – Itasca (IL): OfficeMax has reported a wide Q1 loss citing costs from closing more than 100 stores.
    The company posted a loss of $25.1 million, or $0.37 per share, compared to a loss of $5.3 million or $0.07 per share, a year earlier. Excluding store closure costs and other items, adjusted profit was $55.7 million, or EPS of $0.77. Sales rose slightly to $2.42 billion, up 4 per cent from $2.32 billion in 2005. Contract sales rose 10 per cent to $1.23 billion

    WHAT NEWS MAKES MORE SENSE……… ?
    TOP OR BOTTOM ?

    ‘Max shares see surge
    MAI 2006 – Itasca (IL): Shares at OfficeMax were at six-year highs yesterday, gaining as much as 17 per cent as the retailer turned in a Q1 profit of $55.7 million excluding store closure and other items, compared with $17.7 million last year.
    Including the costs from the closure of more than 100 stores, OfficeMax posted a loss of $25.1 million, or $0.37 per share, compared to a loss of $5.3 million, or $0.07 per share, a year earlier.
    Shares closed at $38.49 on the NYSE after rising to $39.15 earlier in the session