Staples Inc. (Nasdaq: SPLS) disappointed with lower first quarter earnings of 15 cents per share compared with 26 cents per share in the year ago period that missed analyst expectations as revenue fell and the office supplies retailer forecast second quarter earnings below estimates. The stock price plummeted $1.68 to $11.71.
Staples disappoints
May 20, 2014 at 14:33 PM EDT
