Staples profit beats estimates on cost cuts
Top office-products retailer Staples Inc
Net earnings rose to $269.4 million, or 37 cents a share, in the third quarter that ended on October31, from $156.7 million, or 22 cents a share, a year earlier.
Excluding items, it earned 39 cents a share, beating the analysts' average forecast of 38 cents a share, according to Thomson Reuters I/B/E/S.
Total sales fell 6 percent to $6.5 billion.
(Reporting by Dhanya Skariachan, editing by Christopher Kaufman)
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