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Home Depot (HD - Get Report) said diluted earnings for the three months ending on May 5 came in at $2.27 per share, up 9.13% from the same period last year and group revenues clocked in at $26.4 billion.
Despite strong earnings, comparable sales at the retailer were impacted by poor weather in the quarter, coming in at 2.5% and missing estimates of 4.2%.
History of the Home Improvement Giant
Ever wonder how Home Depot got its start? You might be surprised to learn that the founders actually got fired from their job at a home improvement center. But, they got a second chance when they teamed up with billionaire investor Ken Langone to finance Home Depot.