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The Home Depot, Inc. Message Board

  • adspatz adspatz Nov 19, 2013 11:26 AM Flag

    Home Depot revenue and earnings soar

    Search for "SEC Live Filings Digest" to find out more.
    The Home Depot, Inc. (HD) announced its third quarter financial results for the 2013 fiscal year, reporting revenue and earnings that soared above expectations. The home improvement store posted revenues of $19.47B, a 7% increase from the year-ago $18.13B while also beating Wall Street’s $19.18B prediction. Earnings jumped as well to $1.35B and $0.95 per share, up from $947M and $0.63 per share last year. The lower numbers from last year were affected by a one-time charge of $165M related to Chinese store closings, which weighed down last year’s performance by $0.11 per share. Due to the company’s performance year-to-date, it raised its annual guidance, projecting sales to be up 5.6% while earnings per share are expected to increase 24.0% to $3.72. Chairman and CEO Frank Blake remarked that the company’s results reflect on an improving housing market and great company performance.

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