ATLANTA (AP) — ATLANTA (AP) — The Home Depot Inc. (HD) on Tuesday reported fiscal first-quarter profit of $3.43 billion.
The Atlanta-based company said it had net income of $3.45 per share. Earnings, adjusted for amortization costs, came to $3.56 per share.
The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.59 per share.
The home-improvement retailer posted revenue of $39.86 billion in the period, beating Street forecasts. Nine analysts surveyed by Zacks expected $39.4 billion.
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