Home Depot Beats Q3 Estimates

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The world’s largest home improvement chain, Home Depot (HD), reported net earnings for Q3 of $1.4 billion, or 95 cents a share, up from $947 million, or 63 cents a share, a year earlier. Wall Street analysts had expected the chain to earn 90 cents a share for third quarter 2013. Revenue increased to $19.47 billion in third quarter 2013 from $18.13 billion for the third quarter a year ago — also exceeded analysts’ expectations of $19.18 billion for the latest Q3. The U.S. housing market recovery has been identified as the key driver of this outperformance. Home Depot investors look to see this recovery trend in housing sustained into the next year.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.