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HD Preview: Trends Should Continue

By Scott Rothbort

 About this article:
 Home Depot (HD) is scheduled to report its third-quarter results and conduct its quarterly conference call before the market opens on Tuesday. The company is expected to earn 36 cents per share on net sales of $16.27 billion. In the year-ago quarter, Home Depot earned 45 cents per share on net sales of $17.78 billion. Before taking a look at Home Depot, we should take a look at Lowe's (LOW), which reported its results this morning and earned 23 cents per share on net sales of $11.4 billion vs. consensus estimates of 24 cents in EPS on net sales of $11.28 billion. The company had 2 cents in charges for a location closure offset by a one-cent tax settlement, so you can argue that the quarter was in line. For the fourth quarter, Lowe's expects to earn 9 cents to 13 cents per share vs. the 10-cent...

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