Staples Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - Staples, Inc. (SPLS) reported second quarter net income of $36 million, or $0.06 per share compared to $82 million or $0.13 per share, last year. Excluding the impact of charges taken during the second quarter of 2015, the company reported non-GAAP net income of $76 million, or $0.12 per share.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.12 for the quarter. Analysts' estimates typically exclude special items.

Total company sales were $4.94 billion, a decrease of 5.4% compared to the second quarter of 2014. Analysts expected revenue of $4.96 billion for the quarter. Total company sales increased 0.7% during the second quarter, excluding the impact of store closures in North America during the past year and changes in foreign exchange rates.

For the third quarter of 2015, the company expects sales to decrease versus the third quarter of 2014. The company expects non-GAAP earnings per share in the range of $0.33 to $0.36. Analysts expect the company to report earnings per share of $0.36.