Revenue for international operations dropped 12 percent to $1.1 billion, hurt by soft sales in Europe and Australia and a stronger dollar.
Staples Inc., which is based in Framingham, Mass., reaffirmed its full-year forecast for a low single-digit percentage rise in its full-year earnings when compared with 2011's adjusted earnings of $1.37 per share. Revenue is expected to be about the same as the prior year's $25.02 billion.
Analysts predict earnings of $1.36 per share on revenue of $24.75 billion.
The chain said that it anticipates more than $1 billion of free cash flow for the year and plans to continue making buybacks, which are expected to total about $450 million in 2012.
Its shares rose 56 cents, or 5 percent, to $11.81 in premarket trading. Its shares are up from a 52-week low of $10.57 in late August but are down from a high of $16.93 in mid-March.
White House Program Cuts Up to $1k off Monthly Payments! (3.05% APR)