A customer partially wearing a mask at a store in Reston, Virginia, on Thursday, May 21, 2020.
Andrew Harrer | Bloomberg via Getty Images
Home Depot on Tuesday reported quarterly earnings and revenue that beat analysts’ revenue as customers spent more on home improvement projects.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $3.92 vs. $3.40 expected
- Revenue: $36.82 billion vs. $35.01 billion expected
The home improvement retailer reported fiscal third-quarter net income of $4.13 billion, or $3.92 per share, up from $3.43 billion, or $3.18 per share, a year earlier. Analysts surveyed by Refinitiv were expecting earnings per share of $3.40.
Net sales rose 9.8% to $36.82 billion, topping expectations of $35.01 billion. Same-store sales climbed 6.1% in the quarter.