The largest home improvement retailer in the nation, Home Depot (NYSE:HD) posted third quarter earnings today that rose to $934 million, or $0.60 per share, from $834 million, or $0.51 per share, last year.
Revenue rose about 4%, to $17.3 billion, on a 4.2% increase in same-store sales.
Results were ahead of analyst estimates.
Home Depot hiked its full year earnings forecast as well, to earnings of $2.38 per share, from a prior forecast of $2.34.
Home Depot also declared a quarterly dividend of $0.29 per share, up 16% from its previous dividend.
Also today, the top office supplies retailer in the nation, Staples (NASDAQ:SPLS) reported fiscal third quarter earnings rose to $326.4 million, or $0.47 per share, from $288.7 million, or $0.40 per share, last year.
Sales ticked higher, to $6.57 billion from $6.54 billion last year.
Earnings per share met analyst expectations, while revenue fell short.
Staples lowered its full-year forecast, to $1.38 to $1.42 per share, from a prior outlook of $1.42 to $1.48 per share.
Smaller rival OfficeMax (OMX) already reported quarterly earnings while Office Depot (NYSE:ODP) posted earning earlier in the season.
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