Dwelling Depot beats expectations once more, however stays true to outlook – KESQ

ATLANTA (AP) — Dwelling Depot simply beat expectations for each revenue and income within the third quarter, however buyers are spooked as the corporate is sticking to projections it introduced earlier this 12 months. Shares of The Dwelling Depot Inc. fell greater than 2% earlier than the market opened on Tuesday. The Atlanta firm earned $4.34 billion within the quarter, or $4.24 per share. That far exceeds projections per share of $4.11 on Wall Avenue. Quarterly income of $38.87 billion additionally beat forecasts. Nonetheless, for the 12 months, the house enchancment retailer affirmed its expectations that gross sales would develop round 3%, which is weaker than most analysts have projected. He expects per-share progress within the mid-single-digit share vary.


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