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Actionable news in HD: HOME DEPOT Inc,

Home Depot Scores With Analyst After Positive Earnings

Home Depot Inc. (NYSE: HD) recently reported its fiscal third-quarter financial results and the stock posted a solid day of gains in the wake of these earnings. As a result, one key independent research firm released a report further detailing Home Depot’s position.

The company posted $1.35 in earnings per share (EPS) on revenue of $21.8 billion. That compared to Thomson Reuters consensus estimates of $1.32 in EPS on $21.76 billion in revenue. In the same period of the previous year, the retailer posted EPS of $1.11 and $20.52 billion in revenue.

Comparable store sales for the third quarter of fiscal 2015 were positive 5.1%, and comp sales for U.S. stores were positive 7.3%.

Argus maintained a Buy rating for Home Depot and raised its price target to $142 from...


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