Home Depot’s 2Q earnings beat estimates

FAN Editor

FILE PHOTO: A Home Depot store is shown in the Little Havana neighborhood in Miami, Florida, September 18, 2015. REUTERS/Joe Skipper/File Photo (Reuters)

Dow component Home Depot reported a 2Q profit of $3.05 per share, topping the estimate for $2.84.  Revenue was $30.5 billion. The revenue estimate was for $30.02 billion.

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US same-store sales rose 8.1%.

Home Depot reported earnings of $2.25 a share on revenue of $28.11 billion in the year ago quarter. Both topping estimates.

Last quarter, the home improvement retailer delivered mixed results, with sales falling short.

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