Home Depot: Fiscal 4Q Earnings Snapshot
ATLANTA (AP) _ The Home Depot Inc. (HD) on Tuesday reported fiscal fourth-quarter profit of $2.48 billion.
On a per-share basis, the Atlanta-based company said it had net income of $2.28.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.
The home-improvement retailer posted revenue of $25.78 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $25.75 billion.
Home Depot expects full-year earnings to be $10.45 per share.
Home Depot shares have risen nearly 10% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has climbed 25% in the last 12 months.