Home Depot (HD) released its third quarter financial results on Tuesday, reporting higher results that came in above analysts’ estimates.
Inside Home Depot’s Earnings
Net Income
The company reported net income of $1.54 billion, or $1.15 per share, up from $1.35 billion, or 95 cents per share, in the year prior. On average, analysts expected to see EPS of $1.13.
Revenue
Revenue rose 5.4% to $20.52 billion from $19.47 billion last year. Analysts expected to see revenue of $20.47 billion.
Outlook
Looking ahead, Home Depot expects to see FY2014 EPS of $4.54 and sales growth of 4.8%.
Mutual Funds to Watch
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VTSMX | Vanguard Total Stock Market Index | 1.64% |
| VFINX | Vanguard 500 Index | 1.04% |
| VINIX | Vanguard Institutional Index | 1.01% |
The Bottom Line
While the funds mentioned above hold a small stake in Home Depot, it is still important for investors to pay attention to major news events like earnings releases, as they can have an effect on mutual fund performance.