CNBC's Courtney Reagan joins 'Squawk Box' to report on the company's quarterly earnings results.
Home Depot (HD) came out with quarterly earnings of $3.78 per share, beating the Zacks Consensus Estimate of $3.64 per share. This compares to earnings of $3.81 per share a year ago.
Home Depot (HD) shares rose Tuesday morning after its third-quarter results came in above estimates and the retailer also lifted fiscal 2024 sales projections.
“While macroeconomic uncertainty remains, our third quarter performance exceeded our expectations,” said Ted Decker, chair, president and CEO, in prepared remarks. “
Third-quarter adjusted earnings of $3.78 a share beat estimates as sales rise to $40.2 billion.
Home Depot raised its annual same-store sales forecast on Tuesday, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations.
Home Depot is reporting earnings before the bell. The home improvement retailer is mired in a sales slump after high interest rates and mortgage rates forced consumers to put off major projects.
We have narrowed our search to three giant retailers that will report earnings results within next week. These are: HD, WMT, TGT.
Laura Champine, director of research and senior consumer analyst at Loop Capital Markets, joins CNBC's 'The Exchange' to discuss the outlook on home improvement stocks going into next year, why Home Depot is positioned well to handle headwinds with China, and more.
The Home Depot earnings report will shed light on the state of consumer economic health. The post Home Depot Earnings Due As Inflation And Economic Jitters Grow appeared first on Investor's Business Daily.
The Home Depot Inc HD will be reporting its third-quarter earnings on Tuesday. Wall Street expects $3.64 in EPS and $39.17 in revenues as the company reports before market hours.
Home Depot, Inc. HD will release earnings results for the third quarter, before the opening bell, on Tuesday, Nov. 12.