ATLANTA (AP) - The Home Depot Inc. is reporting fiscal first-quarter profit of $2.01 billion.
On a per-share basis, the Atlanta-based company said it had net income of $1.67.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.
The home-improvement retailer posted revenue of $23.89 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $23.74 billion.
Home Depot expects full-year earnings to be $7.15 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HD at https://www.zacks.com/ap/HD
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Keywords: Home Depot, Earnings Report, Priority Earnings