Home Depot beats 3Q profit and revenue expectations

IndustriesAssociated Press

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.

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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.

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

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Keywords:Home Depot,Earnings Report,Priority Earnings