Company Earnings Update 4 minutesRegister for Free AccessOffice Depot (ODP) 3Q18 Results: Beats Consensus Estimates and Raises Guidance Coresight Research November 12, 2018 Executive Summary Office Depot reported 3Q18 adjusted EPS of $0.13, beating the consensus estimate by a penny. Revenues were $2.89 billion, beating the $2.83 billion consensus estimate. Sales increased by 6% as reported and by 1% organically in the Business Solutions division. Services revenues increased by 28% in the Business Solutions division and by 11% in the Retail division. Retail sales declined by 6% as reported and by 5% according to a new revenue recognition standard. The company raised its FY18 revenue guidance to $11.0 billion from $10.8 billion previously and offered FY19 revenue guidance of $11.1 billion, above the consensus estimate of $10.8 billion. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Oracle 2023 Analyst Meeting: Cloud and Database Tech, Generative AI-Powered Cloud Applications, Growth TrajectoryEarnings Insights 1Q23, Week 6: Five Below, Lululemon and PVH Post Strong Results; Capri Holdings, Macy’s and Nordstrom See Sales DeclineRetail Around the World: Coresight Research Observations, January 2023Analyst Corner—Affiliate Advertising, with John Harmon: Another Channel for Brands and Retailers To Reach Consumers