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What: Shares of OfficeMax
So what: It isn't like the quarter was a blowout, but with expectations already in the circular file, OfficeMax easily surpassed what investors were expecting. Sales were down slightly, to $1.65 billion, and adjusted earnings per share of $0.07 were a nice profit when Wall Street was just hoping the company could break even.
Now what: Suppliers of office products have been hit by increased competition and weaker demand in recent years, so a leveling of results instead of a decline is actually worth cheering today. OfficeMax, Staples
Interested in more info on OfficeMax? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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