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HD Earnings: Key quarterly highlights from House Depot’s Q3 2024 monetary outcomes | AlphaStreet

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The House Depot (NYSE: HD) reported its third quarter 2024 earnings outcomes at this time.

Gross sales have been $40.2 billion, up 6.6% from the identical interval final yr. Comparable gross sales decreased 1.3%.  

Internet earnings have been $3.6 billion, or $3.67 per share, in comparison with $3.8 billion, or $3.81 per share, final yr. Adjusted EPS was $3.78.

Gross sales and earnings beat estimates.

HD up to date its full-year steerage. For fiscal yr 2024, complete gross sales are anticipated to extend approx. 4% together with SRS and the 53rd week. Comparable gross sales are projected to say no approx. 2.5% for the 52-week interval in comparison with fiscal yr 2023.

EPS for the 53-week interval is anticipated to say no round 2% from final yr. Adjusted EPS for a similar interval is anticipated to say no round 1% from final yr.

The outcomes beat and steerage hike allowed the inventory to achieve over 2% in premarket hours on Tuesday.

Prior efficiency

Home Depot Q2 2024 Earnings Infographic
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