Home Depot: Fiscal 1Q Earnings Snapshot

ATLANTA (AP) — The Home Depot Inc. (HD) on Tuesday reported fiscal first-quarter earnings of $2.4 billion.

On a per-share basis, the Atlanta-based company said it had profit of $2.08.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.

The home-improvement retailer posted revenue of $24.95 billion in the period, falling short of Street forecasts. Twelve analysts surveyed by Zacks expected $25.2 billion.

Home Depot shares have increased nearly 1 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 2 per cent. The stock has increased 22 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HD at https://www.zacks.com/ap/HD