Staples matches 2Q earnings expectations, tops revenue forecasts

Staples Inc. on Wednesday reported fiscal second-quarter net income of $81.9 million.

The Framingham, Massachusetts-based company said it had profit of 13 cents per share. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.

The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 12 cents per share.

The company posted revenue of $5.22 billion in the period, exceeding Street forecasts. Analysts expected $5.17 billion, according to Zacks.

For the current quarter ending in October, Staples expects its per-share earnings to range from 34 cents to 39 cents.

Staples shares fell 38 cents, or 3.8 percent, to $11.24 in morning trading.