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Home Depot: Fiscal 1Q Earnings Snapshot

ATLANTA (AP) _ The Home Depot Inc. (HD) on Tuesday reported fiscal first-quarter profit of $2.51 billion.

On a per-share basis, the Atlanta-based company said it had profit of $2.27.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.

The home-improvement retailer posted revenue of $26.38 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $26.3 billion.

Home Depot expects full-year earnings to be $10.03 per share.

Home Depot shares have climbed 11% since the beginning of the year, while the Standard & Poor’s 500 index has risen 13%. The stock has climbed almost 2% in the last 12 months.

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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

The Associated Press