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 reported quarterly earnings and earnings on Tuesday that outpaced analysts’ earnings as customers spend more on home improvement projects.
Here’s what the company said, relative to Wall Street expectations, based on an analyst survey by Refinitiv:
- Earnings per share: $ 3.92 versus $ 3.40 expected
- Revenue: $ 36.82 billion versus $ 35.01 billion expected
The home improvement retailer reported net income of $ 4.13 billion, or $ 3.92 per share, for the third quarter, up from $ 3.43 billion or $ 3.18 per share last year. Analysts polled by Refinitiv expected earnings per share of $ 3.40.
Net sales rose 9.8% to $ 36.82 billion, beating expectations of $ 35.01 billion. Revenue in the same store increased 6.1% for the quarter.