UPDATE: OfficeMax Swings To FQ2 Loss

OfficeMax Inc OMX swung to a loss in the fiscal second quarter on Tuesday. OfficeMax posted a quarterly loss of $3.02 million, or $0.04 per share, versus a profit of $11.8 million, or $0.14 per share, in the year-ago period. Its sales declined to $1.648 billion from $1.653 billion. Excluding store closing and other charges, OfficeMax's earnings came in at $0.07 per share. Analysts were expecting a profit of $0.01 per share on revenue of $1.63 billion. OfficeMax shares closed at $7.24 yesterday.