"Staples posts higher-than-expected quarterly profit"

That's because all the "creative [cough] class types on Wall Street are hanging out their shingles as consultants, and they need office supplies (or think they do).

It's a meta-dead cat bounce.

Comments

Crap, I have to go to Staples today!

This is non-dead cat related. Fab GF needs a new deposit stamp and I said I'd go order one for her.

Thanks for reminding me.

No, they lowered their expectations so they could exceed them.

I believe a typical Staples quarter is 200+million and this one fell under their expectations. So they simply lowered their expectations in order to exceed them. Easy.

I love this job!

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