Home Depot Raises Earnings Guidance

Updated from 7:27 a.m. EDT

The world's No. 1 home-improvement retailer Home Depot(HD Quote) lifted its fiscal-year earnings outlook, saying it now expects earnings per share from continuing operations to be flat to down 7% from a year earlier, while adjusted earnings are seen falling 20% to 26%.

Home Depot previously said it expected fiscal-year earnings from continuing operations down 7% from last year, and adjusted earnings down 26%.

Analysts surveyed by Thomson Reuters expect Home Depot to report earnings for the fiscal year ending in January 2010 of $1.40 a share. Last year, the company earned $1.78 a share. ...