Sunday , April 2 2023

The net profit of the Home Depot has risen almost a third in the financial district III



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Net Profit Home Depot Inc., America's largest network of repairs and building materials repair shops, grew in the fiscal third quarter that ended on October 28 by 32% to $ 2.87 billion or $ 2.51 per share, from $ 2.17 billion, or $ 1.84 per share, a year earlier.

Analysts predicted an average of $ 2.26 per share, according to Reuters.

Total net sales of the company rose 5.1% to $ 26.30 billion, slightly above the experts' forecast of 26.26 billion dollars.

Sales in home stores that have been open for more than a year have increased by 5.4% in the financial district III. They were higher than average forecasts by analysts who expected an increase of 4.38%, according to Refinitive.

Retailers increased the sales growth forecast for the fiscal year ending in January to 7.2% from 7%, and earnings per share forecast at $ 9.75 from $ 9.42.

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