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Home Depot beat earnings expectations, standing in line with 2022 guidance – Latest US News Hub

A customer wearing a protective mask loads wood at a Home Depot store in Pleasanton, California, on February 22, 2021.

David Paul Morris Bloomberg Getty Images

Home Depot on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations as sales rose from a year ago.

“Our performance reflects the continued strength of demand for home improvement projects,” Home Depot CEO and President Ted Decker said in a statement.

Here’s what home improvement retailers reported compared to what Wall Street expected, based on a survey of analysts by Refinitiv:

  • Earnings per share: $5.05, adjusted, vs. $4.94 expected
  • Revenue: $43.79 billion vs. $43.36 billion expected

Same-store sales rose 5.8%, compared with an estimated 4.9%, according to FactSet.

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Home Depot beat earnings expectations, standing in line with 2022 guidance


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