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Article: Staples' dot-com business surges.
- Article from:
- The Boston Herald
- Article date:
- November 17, 1999
- Author:
CopyrightCOPYRIGHT 1999 Boston Herald. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Earnings growth of better than 30 percent has become a staple of a Staples Inc. earnings report.
And there were few surprises yesterday, as the Framingham-based office supply retailer posted third-quarter earnings of $95.4 million, or 20 cents a share, up 34 percent from $69.3 million, or 15 cents a share, in the year-ago period. Sales rose 25 percent to $2.4 billion from $1.9 billion a year ago.
But for the first time yesterday, Staples also released revenue and earnings for its Staples.com division. Staples recently created a Staples.com tracking stock to monitor its electronic commerce businesses, including the namesake Staples.com, as well as ...