Essendant Inc fka ESND

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HUGE NEWS:

DEERFIELD, Ill. (AP) _ Essendant Inc. (ESND) on Wednesday reported second-quarter net income of $12.9 million.

The Deerfield, Illinois-based company said it had profit of 35 cents per share. Earnings, adjusted for non-recurring costs, came to 55 cents per share.

The workplace supplies distributor posted revenue of $1.35 billion in the period.

Essendant expects full-year earnings in the range of $2.15 to $2.30 per share, with revenue in the range of $5.4 billion to $5.48 billion.

Essendant shares have dropped slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.49, a fall of 16 percent in the last 12 months.