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Home Depot Beat Lowe’s EPS Growth in Q1 2018

Home Depot Beat Lowe’s EPS Growth in Q1 2018

In the first quarter, Home Depot (HD) posted adjusted EPS of $2.08, which represented a rise of 24.6% from its EPS of $1.67 in the corresponding quarter of the previous year. Home Depot’s EPS growth was driven by revenue growth, the expansion of its net margins, and share repurchases. Share repurchases drove the company’s EPS by lowering its total number of shares outstanding.