Correction: According to Best Buy (BBY), the company's reported Q1 revenue number of $9.38 billion does not include Europe, as it is considered a discontinued operation. On the analyst call, CEO Hubert Joly said that if European revenue was included in Q1, BBY would have about $10.8 billion in revenue. That number would beat analyst estimates. A prior version of this story said that the retailer missed on revenue with sales coming in more than $1-billion under estimates.
Home Depot (HD) is raising the roof with shares up more than 4% on strong earnings, released at 6am. The home improvement giant says sales are rising steadily as the housing recovery kicks-in. The company posted earnings of 83-cents a share, up from 68-cents a year ago and beating estimates by 6-cents. Revenues were also considerably higher than forecasts. Now the company is increasing its outlook for the rest of the year. Shares of Home Depot have been up 21% year-to-date, and more than 61% in the past year.
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