- Home Depot reported quarterly earnings that beat Wall Street estimates for the sixth time in a row.
- It reported earnings per share of $ 1.69, above the expected $ 1.61 per share.
- Revenues were $ 23.88 billion versus the $ 23.66 billion that Wall Street was expecting.
- Its forecast for comparable store sales, an important metric for judging a retailer’s performance, was below Wall Street estimates.
- Watch Home Depot’s stock move in real time here.
Home Depot‘s shares climbed 1.5% Monday morning after the home-improvement retailer beat Wall Street earnings estimates for the sixth consecutive quarter.
Its quarterly profits were boosted by an improving housing market and shoppers who spent more on average.See the rest of the story at Business Insider
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