Finance General News

Home Depots profit and revenue moves up with earnings per share of $2.16

home depot

Home Depot, an American home supplies company, earlier today had reported a rise in revenue and profit.

Bad weather earlier this year dropped the revenue for the first quarter. The store sales last year were dampened due to an extra week in the fiscal year.

Zacks Investment Research, an independent research company, watched the sales closely for the home improvement company rise from 2.5% to 4.2%, according to their analysis.

On Tuesday, 21st May, the company reported on its website a quarterly profit of $2.51 billion. The company did better than expected from Wall Street with an earnings per share of $2.16

Home Depots revenue went up to $26.38 billion which is over the expected numbers.

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