What Home Depot's Earnings Mean for Mutual Fund Investors (HD)

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What Home Depot's Earnings Mean for Mutual Fund Investors (HD)

Home Depot storefront image
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

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.

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Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

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Home Depot storefront image

What Home Depot's Earnings Mean for Mutual Fund Investors (HD)

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

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.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next