Why Home Depot's Most Important Number From Q3 Might Be $20.5 Billion
Home Depot (NYSE: HD) reported third-quarter results before the market opened on Tuesday that impressed investors and shareholders alike. The stock price for the home improvement retail giant was up close to 6% on the day of the release.
The report revealed that several important metrics are heading in the right direction, including sales, operating profit margin, and earnings. One figure, in particular, could be the most important to come out of this quarter's numbers for Home Depot. That number is $20.5 billion and it refers to the value of inventories on hand heading into Q4.
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Source Fool.com
