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 ITASCA, Ill. (AP) - OfficeMax Inc. on Wednesday posted a wider loss for the fourth quarter as the office products retailer recorded losses for discontinued operations and other items. But excluding those items, its earnings matched Wall Street expectations and the company's stock soared.
The latest results come a month after the Itasca-based company released details of a new operating plan that first-year Chairman and CEO Sam Duncan said should halt a sales and financial slide.
The company's quarterly loss, after preferred dividends, totaled $43.1 million, or 62 cents per share, compared with a loss of $1.4 million, or 2 cents per share, a year earlier.
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