Wal-Mart (WMT) 54.35: Reports Q1 earnings of $0.31 a share, in line with the First Call consensus of $0.31, vs year-ago earnings of $0.30; revenues rose 11.8% to $48.57 bln from a year-ago of $43.45 bln; also announces addition to company's previously approved share repurchase program to permit the acquisition of up to $3 billion of the company's outstanding shares.
Home Depot (HD) 49.15: Home improvement retailer reports Q1 earnings of $0.27 a share, $0.02 better than the First Call consensus of $0.25, vs year-ago earnings of $0.27; revenues rose 9.8% to $12.20 bln from a year-ago of $11.11 bln. "We are on track to open 200 stores and hire approximately 40,000 new associates in fiscal 2001," said CEO. "As we manage through the realities of the current economic environment, our financial strength allows Home Depot to continue long-term sales and market share growth." Company indicates it is comfortable with the current Wall Street earnings consensus of $0.37 diluted EPS for Q2 of fiscal 2001.
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