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Home Depot increased quarterly earnings and revenue, exceeding forecasts

15.08.2018 09:00:21

The largest in the US chain of stores for household goods, Home Depot, reported that in the second fiscal quarter ended in July, its net profit rose to $3 billion 510 million from $2 billion 670 million in the same period last year. Per share, the net profit was 3 dollars 5 cents, while analysts had predicted 2 dollars 85 cents per share. Revenue reached 30 billion 460 million dollars, while experts had expected the figure at 30 billion 30 million dollars. Stores opened at least a year ago increased sales by 8%. Analysts had predicted an increase of 6.5%.

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