Home improvement retailer The Home Depot (HD) has delivered better-than-expected results for the third quarter of fiscal 2021 (ended October 31, 2021) on the back of growth in revenues. During the quarter, net earnings jumped 23.3% year-over-year to $3.92 per share and surpassed analysts’ expectations of $3.33 per share. Similarly, revenues increased 9.8% year-on-year to $36.8 billion, topping the Street's estimate of $34.5 billion. Comparable sales were up 6.1%, and comparable sales in the U.S. surged 5.5%. Though customer transactions declined 5.5% in the third quarter, the average purchase ticket size increased 12.9% to $82.38 from $72.98 in the year-ago period.
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Home Depot (NYSE:HD)
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