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The Home Depot, Inc. (NYSE:HD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2%.
The Home Depot, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 34% to $0.67 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 13.94% to $18.25 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Home Depot, Inc. reported adjusted EPS income of $0.67 per share. By that measure, the company beat the mean analyst estimate of $0.64. It beat the average revenue estimate of $17.69 billion.
Quoting Management: “We ended the year with a strong performance as our business benefited from a continued recovery in the housing market coupled with sales related to repairs in the areas impacted by Hurricane Sandy,” said Frank Blake , chairman & CEO. “I’d like to thank our associates for their hard work and dedication.”
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