Tuesday, May 17, 2016

Home Depot Q1 Profit Rises, Comps. Up 6.5%; Increases FY16 Guidance

The Home Depot (HD), the world's largest home improvement retailer, reported net earnings for the first quarter of fiscal 2016 of $1.8 billion, or $1.44 per share, compared to $1.6 billion, or $1.21 per share, in the same period of fiscal 2015. For the first quarter of fiscal 2016, earnings per share increased 19.0 percent from the same period in the prior year. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $1.36 for the quarter. Analysts' estimates typically exclude special items.

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