The Home Depot, Inc. (NYSE: HD) reported third quarter 2020 earnings results today.
Net sales increased 23.2% year-over-year to $33.5 billion. Comparable sales were a positive 24.1%.
Net income was $3.4 billion, or $3.18 per share, compared to $2.8 billion, or $2.53 per share, in the same period last year.
On Monday, Home Depot announced the acquisition of HD Supply Holdings Inc. for $8 billion. The transaction is expected to close during Home Depot’s fiscal fourth quarter and is expected to be accretive to FY2021 EPS. Home Depot anticipates this deal will help boost its sales across a $55 billion marketplace for maintenance, repair and operations.
Prior performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: Key highlights from Disney’s (DIS) Q2 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported second quarter 2024 earnings results today. Revenues increased 1% year-over-year to $22.1 billion. Net loss attributable to The Walt Disney Company was $20
Earnings Preview: Alibaba likely to report mixed results for Q4
Alibaba Group Holding Limited (NYSE: BABA) will be reporting fourth-quarter 2024 financial results next week. Over the years, the e-commerce giant successfully diversified its business and emerged as a major
A look at Tyson Foods’ (TSN) expectations for the remainder of FY2024
Shares of Tyson Foods, Inc. (NYSE: TSN) fell over 7% on Monday. The stock has gained 7% year-to-date. The company delivered mixed results for the second quarter of 2024, with
