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The Home Depot (NYSE: HD) reported third quarter 2023 earnings results today.

Sales decreased 3% year-over-year to $37.7 billion. Comparable sales fell 3.1%.

Net earnings were $3.8 billion, or $3.81 per share, compared to $4.3 billion, or $4.24 per share, last year.

Revenue and earnings beat expectations.  

For fiscal year 2023, the company expects sales and comparable sales to decline 3-4% and EPS to decline 9-11% YoY.

The stock was up over 1% in premarket hours on Tuesday.

The post Key highlights from Home Depot’s (HD) Q3 2023 earnings results first appeared on AlphaStreet.

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