Home Depot Raises Guidance Again

Atlanta, GA, Dec. 8, 2010 — Home Depot Inc. increased its 2010 earnings guidance for the second time in two months as the home-improvement market picks up.

Home Depot expects net income from continuing operations to be $1.97 per share. That’s up from prior guidance of $1.94 per share.

The company now expects revenue to rise 2.3 percent, up from the 2.2 percent rise expected previously, implying revenue of $67.7 billion.

For 2011, the company sees sales rising 2 percent to 2.5 percent and earnings per share from continuing operations rising 11 percent to 13 percent, after share repurchases.