Why Home Depot (hd) Stock Continues To Surge Today – Thestreet

Home Depot Hits All-Time High as Appliances Drive Sales – Bloomberg

We feel that this trend should continue. During the past fiscal year, HOME DEPOT INC increased its bottom line by earning $3.75 versus $3.00 in the prior year. This year, the market expects an improvement in earnings ($4.42 versus $3.75). The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Specialty Retail industry average. http://www.thestreet.com/story/12850260/1/why-home-depot-hd-stock-continues-to-surge-today.html?cm_ven=RSSFeed

Read More Close Open Photographer: Jin Lee/Bloomberg Home Depot Inc. Chief Executive Officer Frank Blake has focused Home Depot on boosting sales from existing locations and investing in e-commerce, rather than opening new stores. Home Depot said profit this year will be $4.52 a share, up from a previous forecast of $4.42. The increased guidance stems from last quarters results surpassing expectations and the company boosting share repurchases to $7 billion this year from a previous forecast of $5 billion, Chief Financial Officer Carol Tome said on a conference call with analysts. http://www.bloomberg.com/news/2014-08-19/home-depot-profit-tops-estimates-as-seasonal-sales-gain.html

Home Depot Q2 Profit Beats Street; Revises FY14 EPS View – Quick Facts

On average, 28 analysts polled by Thomson Reuters expected earnings of $1.45 per share for the quarter. Analysts’ estimates typically exclude one-time items. The firm clocked $23.81 billion in sales for the recent quarter, a 5.7 percent increase from the prior year’s $22.52 billion. Analysts estimated revenues of $23.61 billion for the period. http://www.rttnews.com/story.aspx?Id=2372194

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