The results:Even as the stagnant housing market weighed on Home Depot’s Q3 results, the retailer benefited from severe-weather-related repairs and unusually warm temperatures boosting sales of items like grills. Its recent acquisition of SRS Distribution also gave Q3 a boost.
Home Depot’s earnings per share were $3.67 in Q3, down 3.7% year over year (YoY) but ahead of the $3.64 that analysts expected.
Revenues were $40.22 billion, up 6.6% YoY, outpacing the expected $39.32 billion.
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