Staples posts earnings of 17 cents a share vs. 16 cents expected

Analysts expected Staples to report earnings of 16 cents per share on revenue of $5.09 billion, according to a Thomson Reuters consensus estimate. The company is coming off a couple of years of heavy investment and store closures, CEO Ronald Sargent said in a conference call last quarter, as more shoppers move online and Staples ramps up contract sales to...