Revenue Update on Staples(NASDAQ:SPLS)

Staples(NASDAQ:SPLS) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 17, 2016. Company reported revenue of $5.36B. Analysts estimated a revenue of $5.40B. The revenues were $-45.00M or NaN% below the estimates. Earnings per share were $0.34. Analysts had estimated an EPS of $0.34.

Staples (SPLS) made into the market gainers list on Mondays trading session with the shares advancing 2.89% or 0.27 points. Due to strong positive momentum, the stock ended at $9.6, which is also near the day’s high of $9.79. The stock began the session at $9.33 and the volume stood at 1,38,97,760 shares. The 52-week high of the shares is $12.79 and the 52 week low is $7.24. The company has a current market capitalization of $6,245 M and it has 65,05,46,300 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Oct 12, 2016, Paul-henri Ferrand (director) purchased 139 shares at $9.13 per share price.Also, On Jul 5, 2016, Michael Williams (General Counsel) sold 12,458 shares at $8.59 per share price.On Dec 16, 2015, Shira Goodman (President, NAC) purchased 5,100 shares at $9.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Staples Inc. is a provider of products and services that serve the needs of business customers and consumers. The Company offers a selection of products such as Websites and mobile platforms retail and online shopping and a range of copy and print and technology services. It operates in three business segments: North American Stores & Online North American Commercial and International Operations. The North American Stores & Online segment includes its retail stores and Staples.com businesses in the United States and Canada. The North American Commercial segment consists of the United States and Canadian businesses that sell and deliver products and services directly to businesses including Staples Advantage and Quill.com. The International Operations segment consists of businesses in around 23 countries in Europe Australia South America and Asia. It serves businesses in North America Europe Australia South America and Asia. Its delivery business offers online order placing.

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