* Q1 EPS ex-items 5 cents, in line with Street view
* Sales fall 3.4 pct to $2.87 billion
NEW YORK May 1 Office Depot Inc
reported a quarterly profit versus a year-ago loss as the
second-largest U.S. office supply retailer kept a tight lid on
costs to offset weak sales.
Net earnings were $41 million, or 14 cents a share, in the
first quarter, compared with a year-ago loss of $15 million, or
5 cents a share.
Excluding one-time charges, debt extinguishment costs and a
favorable pension settlement, the profit was 5 cents a share, in
line with analysts' average forecast, according to Thomson
Sales fell 3.4 percent to $2.87 billion, while analysts
expected $2.89 billion.