Did Home Depot Just Nail Its Last Good Quarter?

Rich Duprey, The Motley Fool
·4 min read
Did Home Depot Just Nail Its Last Good Quarter?

The parking lot at my local Home Depot (NYSE: HD) would seem to confirm the do-it-yourself center's first-quarter earnings results: It's always full of cars, and the aisles are crowded with customers (and you can never find an employee when you need one). Although the retailer beat expectations with a strong report allowing it to raise guidance for the full year, this just might be as good as it gets for Home Depot. Home Depot's bottom-line result of $4.09 per share also easily surpassed projections of just $3.68 per share, and the home improvement center now anticipates full-year sales and comps growth of 3% each, with earnings per share to grow by mid-single-digit percentages (corporate event data provided by Wall Street Horizon).

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