Home Depot's Q3 EPS rises 8.2% to $4.24

EPA-EFE/LARRY W. SMITH

Home Depot Inc. announced in its third-quarter earnings release on Tuesday that its revenue amounted to $38.9 billion, rising 5.6% on a yearly basis. Net income was up 5.1% to $4.3 billion, with diluted earnings per share (EPS) growing 8.2% to $4.24.

"We delivered another solid performance in the third quarter, driven by strength in project-related categories across the business," CEO Ted Decker said. The retailer reaffirmed its 2022 guidance, including sales growth of approximately 3% with an operating margin of around 15.4%, and EPS percentage growth in "mid-single digits."

Home Depot saw its stock gain 1.33% in premarket trade following the report.

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