Tuesday, May 15, 2007

Home Depot posts lower-than-expected profit

(Reuters) - Earnings declined by about one-third to $1 billion, or 53 cents a share, in the first quarter ended on April 29, from $1.5 billion, or 70 cents a share, a year earlier.

Analysts on average expected profit of 59 cents a share, according to Reuters Estimates.


Read more at Reuters.com Business News

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