Business

Mass. Movers

SStaples up on adjusted results

Staples said it was hurt by soft sales in Europe.

Mike Blake/Reuters/File 2012

Staples said it was hurt by soft sales in Europe.

Advertisement

Staples Inc. lost $596.3 million in its third quarter, hurt by restructuring, impairment charges, and a drop in revenue. But the Framingham office products company’s adjusted results beat estimates. The chain’s loss amounted to 89 cents per share, compared to a profit of $326.4 million, or 47 cents, a year earlier. Total revenue fell 2 percent to $6.35 billion, from $6.48 billion. Revenue for global operations dropped 12 percent to $1.1 billion, hurt by soft sales in Europe and Australia.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com