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Fly News Breaks for May 16, 2017
SPLS
May 16, 2017 | 10:01 EDT
Loop Capital analyst Anthony Chukumba noted that Staples reported Q1 revenues that missed expectations due to continued weakness in North American retail comparable store sales and earnings that were in line with consensus. The analyst, who called the early year results "mediocre at best," keeps a Hold rating on Staples, as he believes its current low valuation is appropriate.
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