[ad_1]
FILE – In this September 10, 2018 archive photo, Jim Craig, David Burke and Chris Rayner charge generators as people buy supplies at Home Depot in Wilmington, North Carolina Home Depot Inc. Announces its Results on Tuesday, November 13th. (Ken Blevins / The Star-News via AP, File) The Associated Press
ATLANTA (AP) – Home Depot exceeds all expectations for the third quarter, including same-store sales, with consumers injecting money into homes even as the residential real estate market appears to be calm.
The Atlanta-based company announced Tuesday a profit of $ 2.87 billion, or $ 2.51 per share, far exceeding the $ 2.27 per share projections, according to a survey by Zacks Investment Research on industry analysts.
Revenues jumped 5.1% to $ 26.3 billion.
Home Depot expects an annual profit of $ 9.75 per share.
The shares of Home Depot Inc. rose more than 2% before the opening bell.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a report on Zacks' actions in HD at https://www.zacks.com/ap/HD.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, disseminated, rewritten or redistributed.
Source link
