ODP Corp. Boosts FY23 Adj. EPS Outlook - Update

RTTNews | 800 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 | 429 days ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 14 minutes ago
DAX Down Over 2% As Credit Markets Worries Hurt Sentiment

DAX Down Over 2% As Credit Markets Worries Hurt Sentiment

Germany's DAX is down sharply on Friday with stocks tumbling amid concerns about the health of U.S. banking sector after Zions Bancorp and Western Alliance Bancorp disclosed on Thursday that they were exposed to alleged fraud by borrowers.
RTTNews | 40 minutes ago
Yen Rises Amid Risk-off Mood

Yen Rises Amid Risk-off Mood

The Japanese yen strengthened against other major currencies in the European session on Friday amid increased risk-off mood, as heightened concerns about the U.S. credit woes weighed on markets.
RTTNews | 43 minutes ago
Asian Shares Retreat On US Bank Concerns

Asian Shares Retreat On US Bank Concerns

Asian stocks declined on Friday as heightened concerns over U.S. banks' loan portfolios added to worries about the ongoing U.S. government shutdown and escalating Sino-U.S. trade tensions.
RTTNews | 1h 50min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Friday.
RTTNews | 2h 15min ago
Commodity Currency's Slide Amid Escalating US-China Trade Tensions

Commodity Currency's Slide Amid Escalating US-China Trade Tensions

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Friday, amid the escalating trade tensions between the U.S. and China and renewed concerns about the U.S. banking sector after bad loans recently led to the bankruptcies of two auto industry-related companies, First Brands and Tricolor Holdings. Traders also resorted to profit taking after the recent gains in the markets.
RTTNews | 3h 6min ago
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