Beijing time Tuesday Evening News, the world's largest household goods retailer Home Depot (HD) announced that the first quarter net profit growth of 44%, from the same period of 356 million U.S. dollars, 21 cents per share, increased to 514 million U.S. dollars, combined with 30 cents per share. Last year's results included a total of $543 million trillion in spending associated with the previously announced closure of the store and the contraction of future store growth plans. After deducting one-off items, earnings per share fell from 41 cents a year earlier to 35 cents. Quarterly revenue fell 9.7% to $16.2 billion. Same-store sales fell 10.2%, with sales in the United States down 8.6%. Analysts surveyed by FactSet Research average expect the company to earn 27 cents a share in the quarter.
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