ATLANTA (AP) — ATLANTA (AP) — The Home Depot Inc. (HD) on Tuesday reported fiscal second-quarter profit of $4.55 billion.
The Atlanta-based company said it had net income of $4.58 per share. Earnings, adjusted for amortization costs, came to $4.68 per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $4.71 per share.
The home-improvement retailer posted revenue of $45.28 billion in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $45.51 billion.
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