United Stationers Adj. Profit In Line With Estimates

(RTTNews) - United Stationers Inc (USTR), a supplier of workplace essentials, on Wednesday reported first-quarter net loss of $4 million or $0.10 per share compared with a profit of $21.9 million or $0.55 per share last year.

Results for the quarter included a charge of $0.62 per share related to repositioning actions.

Excluding items, adjusted earnings for the quarter were $0.52 per share.

Revenues for the quarter were up 6.2% at $1.33 billion compared with $1.25 billion in the prior year, driven by acquisitions.

Analysts polled by Thomson Reuters estimated earnings of $0.52 per share on revenues of $1.35 billion for the quarter. Analysts' estimates typically exclude special items.