Home Depot posts better-than-expected Q3 sales and profits
Home Depot Inc.
$399.44
11:10 07/11/24
2.85%
$11.07
US home improvement retailer Home Depot delivered better-than-expected topline growth and earnings for the third quarter.
Dow Jones I.A.
43,729.34
04:30 15/10/20
n/a
n/a
The company posted a 4.3% jump in like-for-like sales for the three months to September (FactSet: 3.1%).
Total sales meanwhile grew by 5.6% to reach $38.87bn (FactSet: $37.95bn), for quarterly earnings per share of $4.24 (FactSet: $4.12) with the latter up from $3.92 one year earlier.
Home Depot also reaffirmed guidance for LFL growth of 3.0% across fiscal year 2022.
As of 1206 GMT, shares of Home Depot were slipping 0.99% to $303.88.
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