Morning Roundup: Today's Top Stories

Before you go, we thought you'd like these...
Before you go close icon

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know.

Home Depot beats analyst estimates
Profits increased 12% for Home Depot (NYS: HD) , with third-quarter earnings coming in at $934 million or $0.60 per share, a penny above Wall Street's expectations. The home improvement retailer raised its quarterly dividend 16% to $0.29 a share. Home Depot's sales at stores open at least a year were up 4.2%, putting the company ahead of rival Lowe's (NYS: LOW) for the 10th consecutive quarter. The stock opened up almost 1% on the news. Read more on this at Bloomberg.

Shares of Wal-Mart down after earnings miss
Third quarter earnings declined 2.9% for Wal-Mart (NYS: WMT) , despite net sales increasing 8.2% to $109.5 billion. The world's largest retailer reported a profit of $3.34 billion, or $0.97 per share, which missed Wall Street's forecast of $0.98 a share. The stock opened down about 1.5%. Read more on this at Reuters

Staples sales fall on weak demand in Europe
Revenue came in short for office supply company Staples (NAS: SPLS) , whose stock plunged more than 5% at the open this morning. The company's third-quarter sales were hurt by a 12% decline in same-store sales in Europe and Australia. Sales outside of the U.S. fell 1.9% to $1.3 billion. Rivals Office Depot (NYS: ODP) and OfficeMax (NYS: OMX) also missed revenue expectations for the quarter. Read more on this at Yahoo!.  

That's a wrap
So there you have it -- the top financial stories for this morning. If you are interested in getting all the news and commentary on these stocks, sign up to My Watchlist here --it's free!

At the time this article was published

Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners