Office Depot (ODP) trades 4.3% higher premarket after swinging to a profit in Q1 on a largely...

|About: Office Depot Inc. (ODP)|By:, SA News Editor

Office Depot (ODP) trades 4.3% higher premarket after swinging to a profit in Q1 on a largely in-line report. The company cut operating expenses by $54M during the period in the face of sagging sales - helping it increase its gross margin by over a percentage point to 30.7%.