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Home Depot beats Street 2Q forecasts

FILE - In this Tuesday, Aug. 1, 2017, file photo, store greeter Danny Olivar, right, lends a hand to a customer, who declined to be identified, to heft an air conditioning unit from a rapidly declining stock at a Home Depot store ahead of an expected heat wave in Seattle. The Home Depot Inc. reports earnings Tuesday, Aug. 15, 2017. (AP Photo/Elaine Thompson, File)
FILE - In this Tuesday, Aug. 1, 2017, file photo, store greeter Danny Olivar, right, lends a hand to a customer, who declined to be identified, to heft an air conditioning unit from a rapidly declining stock at a Home Depot store ahead of an expected heat wave in Seattle. The Home Depot Inc. reports earnings Tuesday, Aug. 15, 2017. (AP Photo/Elaine Thompson, File) FILE - In this Tuesday, Aug. 1, 2017, file photo, store greeter Danny Olivar, right, lends a hand to a customer, who declined to be identified, to heft an air conditioning unit from a rapidly declining stock at a Home Depot store ahead of an expected heat wave in Seattle. The Home Depot Inc. reports earnings Tuesday, Aug. 15, 2017. (AP Photo/Elaine Thompson, File)

By Associated Press 1 min read

ATLANTA (AP) – Home Depot is reporting second-quarter earnings of $2.67 billion, or $2.25 per share.

That beat Wall Street expectations by 4 cents per share, according to a poll by Zacks Investment Research.

The Atlanta home-improvement retailer posted revenue of $28.11 billion, also exceeding analyst projections of $27.84 billion.

Shares of The Home Depot Inc. have increased 15 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 10 percent. The stock has increased 13 percent in the last 12 months.

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