Home Depot: Fiscal 2Q Earnings Snapshot
Posted August 20, 2019 6:08 am.
ATLANTA (AP) _ The Home Depot Inc. (HD) on Tuesday reported fiscal second-quarter net income of $3.48 billion.
On a per-share basis, the Atlanta-based company said it had net income of $3.17.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.07 per share.
The home-improvement retailer posted revenue of $30.84 billion in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $31 billion.
Home Depot expects full-year earnings to be $10.03 per share.
Home Depot shares have climbed 21% since the beginning of the year, while the Standard & Poor’s 500 index has increased 17%. The stock has risen slightly more than 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HD at https://www.zacks.com/ap/HD
The Associated Press
