The ODP Corporation (NASDAQ:ODP) shares are trading lower on Wednesday after the company reported second-quarter results. The company reported adjusted earnings per share of 56 cents, missing the analyst consensus of $1.20. Total reported sales reached $1.717 billion, a 10% decrease year over year. Sales missed the street view of $1.762 billion. This decline is mainly due to reduced sales in the Office Depot Division, which had 58 fewer retail locations and fewer transactions than the previous year, along with lower ODP Business Solutions Division sales. Adjusted operating income was $33 million, down from $67 million in the second quarter of 2023. “While we are pacing below our prior expectations for the year, we are not standing still. We’re taking ...