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Home Depot earns 6.851 million dollars until October, 10.3% more

Home Depot, the world's largest chain of DIY and home improvement stores, earned $ 6.851 million in the first nine months of its fiscal year 2017, 10.3% more than in same period of the previous year.

New York, Nov. 14 (EFE) .- Home Depot, the world's largest chain of DIY and home improvement stores, earned $ 6.851 million in the first nine months of its fiscal year 2017, 10.3% more than in the same period of the previous year.

The Atlanta (Georgia) company recorded a net profit per share of $ 5.76 per share between February and October. above $ 5 per share on the same dates of the previous fiscal year, when it took $ 6,213 million.

Home Depot's turnover in the first nine months of its fiscal year amounted to 77,021 million dollars, 6.4% more year-on-year, while the costs of manufacturing its products rose by 6.6% to reach 50.758 million.

In Regarding the results of the third quarter, which more attention paid analysts today, earned 2,165 million dollars ($ 1.84 per share), 10% more than the 1,969 million ($ 1.60 per title) for the same three months of 2016.

The company's revenues increased between August and October by 8.1% to reach 25,026 million euros. dollars, while the costs of producing their products increased by 8.4% to 16,378 million.

Home Depot also improved its forecasts for the end of the year and expects to close the fiscal year 2017 with an increase in sales of 6.3%, while improving its forecasts in the benefits section, as it now expects to earn 7.36 dollars per share.

results did not finish convincing the markets and their shares fell by 0.60% after the opening of the trading session, but accumulate a strong revaluation of 22.5% so far year on the New York Stock Exchange (NYSE).

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