Shares of Home Depot Inc HD were trading higher by more than 2 percent early Tuesday morning after the company reported its third quarter results.
- Home Depot earned $1.60 per share in Q3 - $0.02 better than expected.
- Revenue of $23.15 billion beat estimates by $0.1 billion.
- Comparable worldwide store sales for the quarter was +5.5 percent.
- Comparable store sales in the U.S. was +5.9 percent.
- Net earnings for the quarter rose to $2.0 billion from $1.7 billion a year ago.
- Management raised its full year 2016 EPS guidance to $6.33 from $6.31.
- Management also guided for a 6.3 percent boost in sales in 2016 and 4.9 percent comp growth.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in