Home Depot HD reported 3Q10 EPS of $0.51, “above our $0.50 estimate, above consensus of $0.48, and vs. adj. EPS of $0.41 LY. SSS increased +1.4%, below our +2.0% estimate, driven by an increase in traffic, while ticket was negative,” Citigroup reports.
“Gross margin grew +26 bps, below our estimate of +35 bps, while + 69 bps of SG&A leverage was better than +43 bps expected,” Citigroup writes.
Home Depot currently trades at $31.31.
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