Home Depot on Tuesday reported third-quarter earnings and revenue that beat analysts’ forecasts as customers spent more on home improvement projects.
Strong demand is carrying over into the next quarter as the retailer readies for the holiday season. Home Depot executives told analysts that same-store sales growth for the first two weeks of the fiscal fourth quarter are slightly higher than third-quarter levels.
The company’s shares rose more than 4% in morning trading, setting an all-time high for the stock of $387.76 per share.
Here’s what the home improvement retailer reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share:…