Home Depot raises earnings expectations

June 10, 2009 8:18:04 AM PDT
Home Depot, the nation's largest home improvement retailer, anticipates its full-year earnings may now come in better than previously forecast. The move comes a few weeks after smaller rival Lowe's Cos. raised its full-year outlook.

Atlanta-based Home Depot Inc. said Wednesday it now sees earnings per share from continuing operations to be flat to down 7 percent. Prior guidance called for a 7 percent decline.

It says it also expects adjusted earnings per share to be down 20 percent to 26 percent. Home Depot's previous outlook was for a 26 percent decline.

The retailer maintained its outlook for an approximately 9 percent sales decline.

Analysts had expected a full-year profit of $1.40 per share on sales of $65.27 billion.


SEARCH FOR NEW YORK AREA JOBS

USEFUL LINKS:
FINANCIAL RESOURCES  || LOCAL STOCKS ||  GET WIDGET

 EYEWITNESS TWITTER ||  FIND US ON FACEBOOK


Load Comments