Home Depot Q3 GAAP EPS $3.81 Beats $3.58 Estimate, Sales $37.71B Beat $35.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Home Depot (NYSE:HD) exceeded Q3 earnings and sales estimates with an EPS of $3.81, surpassing the $3.58 forecast, and sales of $37.71B, beating the $35.66B estimate. However, this reflects a 10.14% decrease in EPS and a 2.99% drop in sales compared to the same period last year.

November 14, 2023 | 11:01 am
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Home Depot reported higher-than-expected Q3 earnings and sales, but experienced a decrease compared to last year's figures.
Home Depot's beat on both earnings and sales estimates is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the year-over-year decline in these metrics may temper some of the optimism, suggesting a cautious outlook for sustained growth.
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