Home Depot beats 3Q profit and revenue expectations

ATLANTA (AP) — The Home Depot Inc. (HD) on Tuesday reported earnings of $1.54 billion in its fiscal third quarter.

On a per-share basis, the Atlanta-based company said it had profit of $1.15.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The home-improvement retailer posted revenue of $20.52 billion in the period, also topping Street forecasts. Analysts expected $20.42 billion, according to Zacks.

Home Depot expects full-year earnings to be $4.54 per share.

Home Depot shares have risen 19 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 10 percent. The stock has climbed 22 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. HD stock research report from Zacks.


Keywords:Home Depot,Earnings Report,Priority Earnings