ODP Corp up on lifting annual profit forecast, Q2 profit beat

ODP

09/08/2023 18:26

** Shares of ODP Corp  ODP.O  up 3.6% at $49.96
    ** Co raises 2023 adj. EPS guidance to $5.00-$5.30 from
$4.50-$5.10 expected previously; above analysts est. of $4.97 -
Refinitiv
    ** Office Depot owner reports Q2 adj EPS of 99 cents, ahead
of analysts est. EPS of 78 cents 
    ** Co, however, lowers 2023 sales guidance to about $8 bln
from $8.0 bln-$8.4 bln, expected earlier 
    ** ODP shares up 9.46% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))