Home Depot (HD) Reports Earnings

Home Depot reported third quarter net earnings rose to $1.4 billion, or 95 cents a share, from $947 million, or 63 cents a share, a year earlier.

Analysts, on average, looked for a profit of 90 cents a share.

Sales rose 7.4 percent to $19.5 billion, beating analysts’ average estimate of about $19.2 billion.

Sales at stores open at least a year rose 7.4 percent, with an 8.2 percent increase in the United States.

For the year, Home Depot raised its earnings forecast to $3.72 a share from $3.60 and said it expected sales to rise about 5.6 percent, versus previous expectations of a 4.5 percent increase.

Home Depot Inc. (HD)

Home Depot Inc. (HD) is up 32.17% year-to-date.

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