OfficeMax Inc., the Cleveland-based office supplies marketer will have an unexpected loss in the third quarter, according to wire service reports.
The loss in the quarter ending Oct. 21 will be 10 cents a share, OfficeMax said in a statement. Analysts’ average estimate was for profit of 11 cents a share.
The firm, which sells through catalogs and its Web site (http://www.officemax.com) in addition to stores, said it expects to be profitable in the fourth quarter but won’t meet analysts’ average estimate of 30 cents per share.
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