“S&P 500 (NYSE:SPY) component Staples Inc. (NASDAQ:SPLS) reported its results for the second quarter. Staples operates a chain of retail stores selling office products.
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Results: Net income for Staples Inc. fell to $120.4 million (18 cents per share) vs. $176.4 million (25 cents per share) a year earlier. This is a decline of 31.7% from the year-earlier quarter.
Revenue: Fell 5.5% to $5.5 billion from the year-earlier quarter.”
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