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Home Depot Earnings: What to Watch Tuesday May 20

Home Depot will announce first quarter results on Tuesday and investors will be looking for clues on the state of the housing market recovery. Analysts are looking for earnings of $0.99 a share, almost double what the home improvement retailer earned in the same period a year ago. Revenue expectations are for $19 billion, that would be a 4 percent increase over 2014. Existing home sales slowed in April and analyst will be watching to see if that hurt earnings. Investors will also be looking to clues on whether there is a strategy to shift away from growth through opening new stores and a bigger focus on their e-commerce business. Shares of Home Depot are off more than 6-percent since the beginning of the year.