Home Depot Reports Q3 Results, Shares Tick Higher

Shares of Home Depot Inc (NYSE: HD) were trading higher by more than 2 percent early Tuesday morning after the company reported its third quarter results.

• Home Depot earned $1.60 per share in Q3 - $0.02 better than expected.
• Revenue of $23.15 billion beat estimates by $0.1 billion.
• Comparable worldwide store sales for the quarter was +5.5 percent.
• Comparable store sales in the U.S. was +5.9 percent.
• Net earnings for the quarter rose to $2.0 billion from $1.7 billion a year ago.
• Management raised its full year 2016 EPS guidance to $6.33 from $6.31.
• Management also guided for a 6.3 percent boost in sales in 2016 and 4.9 percent comp growth.