Home Depot (HD) Tops Q3 Views; Comps Up 4.2%; Boosts FY11 EPS Outlook

November 15, 2011 6:22 AM EST
Home Depot, Inc. (NYSE: HD) reported Q3 EPS of $0.60, $0.02 better than the analyst estimate of $0.58. Revenue for the quarter came in at $17.33 billion versus the consensus estimate of $17.11 billion.

Comparable store sales for the third quarter of fiscal 2011 were positive 4.2 percent.

Declared a quarterly dividend of $0.29 per share, or $1.16 annualized. This is a 16% increase from the prior dividend of $0.25. The annual yield on the dividend is 3 percent.

Sees FY2011 EPS of $2.38, versus prior guidance of $2.34 and the consensus of $2.35.

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