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Office Depot posts fiscal Q2 profit

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Office Depot posts fiscal Q2 profit

Office Depot Inc. said its normalized net income for the fiscal second quarter ended June 25 came to $29.4 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.5%.

Total revenue totaled $3.22 billion, and total operating expenses totaled $3.15 billion.

Reported net income came to $212.8 million, or 38 cents per share.