Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Home Depot Reports 3Q Earnings Decrease
Nov 14, 2007
 Printable format
 Email this Article
 Search

Retailer The Home Depot Inc. posted a 26.8% drop in third-quarter profits. Home Depot predicted a decline of as much as 11% in earnings per share from continued operations because of persistent "softness in the [U.S.] housing market."

"We started the year with a more pessimistic view of the housing and home improvement markets than many," Frank Blake, the company's Chairman and CEO said. "It turns out we were not pessimistic enough."

Home Depot said it earned US$1.09 billion, or $0.60 a share, for the three months ending Oct. 28, compared with a profit of $1.49 billion, or $0.73 a share, for the same period a year ago. Revenue in the quarter dropped 3.5% to $18.96 billion, compared with $19.65 billion the same period a year ago. For the first nine months of the year, Home Depot said it earned $3.72 billion, or $1.94 a share, compared with a profit of $4.84 billion, or $2.32 a share, a 23% drop. Nine-month revenue fell 3.1% to $59.7 billion, compared with $61.62 billion recorded in the same period a year ago.

 

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows