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House Depot (HD) Q3 2021 earnings beat estimates

A buyer partially carrying a masks at a retailer in Reston, Virginia, on Thursday, Might 21, 2020.

Andrew Harrer | Bloomberg through Getty Pictures

House Depot on Tuesday reported quarterly earnings and income that beat analysts’ income as clients spent extra on house enchancment initiatives. 

This is what the corporate reported in contrast with what Wall Road was anticipating, primarily based on a survey of analysts by Refinitiv:

  • Earnings per share: $3.92 vs. $3.40 anticipated
  • Income: $36.82 billion vs. $35.01 billion anticipated

The house enchancment retailer reported fiscal third-quarter internet revenue of $4.13 billion, or $3.92 per share, up from $3.43 billion, or $3.18 per share, a yr earlier. Analysts surveyed by Refinitiv have been anticipating earnings per share of $3.40.

Web gross sales rose 9.8% to $36.82 billion, topping expectations of $35.01 billion. Identical-store gross sales climbed 6.1% within the quarter.

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