OfficeMax reveals Q4 loss


14 March 2005 – Itasca (IL): OfficeMax has released its delayed Q4 results, revealing a loss due to weak sales during the holiday season.

The company posted a Q4 loss of $0.02 per share, compared with EPS of $0.05 registered a year ago. Analysts had been expecting a penny per share profit. Sales lifted 14 per cent, however, to $2.7 billion.

OfficeMax postponed the release of its earnings in January, pending the conclusion of an internal investigation into improper billing.