ODP Corp. Boosts FY23 Adj. EPS Outlook - Update

RTTNews | 443 days ago
Stocktwits
ODP Corp. Boosts FY23 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Tuesday, The ODP Corp. (ODP) raised its adjusted earnings guidance for the full-year 2023, while lowering annual sales outlook.

For fiscal 2023, the company now projects adjusted earnings in a range of $5.00 to $5.30 per share on revenues of about $8 billion.

Previously, the company expected adjusted earnings in the range of $4.50 to $5.10 per share on revenues between $8.0 billion and $8.4 billion.

On average, analysts polled by Thomson Reuters expectthe company to report earnings of $4.96 per share on sales of $8.20 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: ODP
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ODP CFO Anthony Scaglione To Step Down

ODP CFO Anthony Scaglione To Step Down

The ODP Corp. (ODP) announced Wednesday that Anthony Scaglione, executive vice president and chief financial officer, is stepping down from his role to pursue another career opportunity. His last day will be September 13, 2024.
RTTNews | 72 days ago
TSX Ends Modestly Lower, Drops Nearly 1.5% In Week

TSX Ends Modestly Lower, Drops Nearly 1.5% In Week

The Canadian market ended on a weak note on Friday, extending losses to a fifth straight session, on concerns about the outlook for economic growth, and on uncertainty about the outcome of the upcoming U.S. presidential election.
RTTNews | 6h 13min ago
Dollar Rises Against Major Counterparts

Dollar Rises Against Major Counterparts

After staying quite subdued during the Asian and European sessions, and early on in the New York session, the U.S. dollar climbed higher on Friday amid bets the Federal Reserve will be less aggressive with regard to interest rate cuts, and on speculation former President Donald Trump coming to power for a second term.
RTTNews | 6h 39min ago
Swiss Market Ends Slightly Higher

Swiss Market Ends Slightly Higher

The Switzerland market ended slightly up on Friday after a choppy session as investors largely refrained from making significant moves due to a lack of triggers.
RTTNews | 9h 33min ago
Major European Markets Close Slightly Lower

Major European Markets Close Slightly Lower

European stocks closed slightly lower on Friday with investors largely reacting to quarterly earnings results, and assessing the outlook for growth in the wake of recent economic data. Persisting worries about tensions in the Middle East and uncertainty about the outcome of the upcoming U.S. presidential election weighed a bit on stocks.
RTTNews | 9h 51min ago
Canadian Dollar Weakens In Cautious Trade

Canadian Dollar Weakens In Cautious Trade

The Canadian dollar declined against its major counterparts in the New York session on Friday, as investors became cautious ahead of the U.S presidential election, jobs data and key tech earnings.
RTTNews | 10h 44min ago
Canadian Market Modestly Lower In Lackluster Trade

Canadian Market Modestly Lower In Lackluster Trade

Canadian stocks are turning in a mixed performance on Friday with investors digesting a slew of Canadian earnings updates from the U.S. and Canada, as well as the latest batch of economic releases.
RTTNews | 11h 0min ago
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