Wednesday, May 16, 2012

Earning Alert - VVTV, SPLS - 5/16/12

ValueVision International (VVTV): Q1 EPS of -$0.18 misses by $0.03. Revenue of $136.5M (-4.9% Y/Y) beats by $12M.

Staples (SPLS): Q1 EPS of $0.30 in-line. Revenue of $6.1B (-1.1% Y/Y) in-line.  Staples' (SPLS) Q1: North American Retail revenue flat Y/Y, while International Operations slipped 8%. Outlook for 2012 assumes low growth in the U.S. and a soft demand in Europe. Expects full year sales to grow in low single-digits. Shares -2.6% premarket.

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