ODP Q3 Adj. EPS $1.88 Beats $1.56 Estimate, Sales $2.01B Miss $2.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
ODP Corporation reported Q3 adjusted earnings of $1.88 per share, beating the analyst consensus estimate of $1.56 by 20.51%. This is a 27.03% increase from the same period last year. However, the company's quarterly sales of $2.01 billion missed the analyst consensus estimate of $2.04 billion by 1.52%, marking a 7.50% decrease from the same period last year.
November 08, 2023 | 11:51 am
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ODP Corporation's Q3 earnings beat estimates but sales missed, indicating mixed performance.
ODP Corporation's Q3 earnings exceeded analyst expectations, which could positively impact the stock. However, the company's sales fell short of estimates, which could negatively affect the stock. The mixed results make the short-term impact on the stock uncertain.
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