Home Depot Earnings Beat Q3 Forecasts As Home Improvement Increases
Home Depot Inc (NYSE:HD) topped analysts’ expectations after the release of its third-quarter earnings report by accruing revenue of $36.82 billion against a $35.01 billion forecast. Growth was mainly driven by the increase in home improvement expenditure by consumers. Q3 2021 hedge fund letters, conferences and more Solid EarningsAs reported by CNBC, Home Depot’s same-store sales jumped 6.1% in the quarter, beating StreetAccount estimates of 2.2%, while consumers’ average purchase increased by 12.9% to $82.38. “Net income for the fiscal third quarter ended Oct. 31 rose to $4.13 billion, or $3...