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Friday, June 04, 2010
Home Depot 1Q Profit Rises 41%; Co Raises Full-Year View
The Wall Street Journal
Home Depot Inc.'s (HD) fiscal first-quarter earnings jumped 41% on margin and sales growth as results beat analysts' estimates.
The biggest home-improvement retailer also raised its current-year forecast to earnings from continuing operations of about $1.88 a share on a sales increase of about 3.5%. In February, the company had forecast earnings of $1.79 on 2.5% same-store-sales growth.
Brian Sozzi of Wall Street Strategies breaks down the results.
Link to full article: http://online.wsj.com/article/BT-CO-20100518-704014.html?mod=WSJ_latestheadlines
Posted by Brian Sozzi, Research Analyst
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