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Organic Baby Clothes Home Depot, the Atlanta-based retailer, beat analysts estimates of earnings for the first quarter by 5 cents, pushing its stock up more than 4%.

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Cheap Baby Clothes May 17, 2005 (AXcess News) Atlanta - Home Depot, Inc. (NYSE: HD) the Atlanta-based retailer, beat analysts estimates of earnings for the first quarter by 5 cents, pushing its stock up $1.60, or 4.28%, at $38.97 by 1:40pm ET Tuesday.

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Alternative Baby Clothes Sales for the quarter were reported to be $19 billion, an 8.1 percent increase over the same period last year. The home-improvement retailer said net income for the first quarter was $1.25 billion, or 57 cents a share, compared to $1.1 billion, or 49 cents a share, a year earlier.

Baby Clothes Online Home improvement products and services fueled some of the increase with installations of kitchen cabinets and windows rising 16 percent in the quarter.The man many forgot was brought in to turn Home Depot around, CEO Robert Nardelli, isn't done with his job apparently, after saying that the nationwide retailer was going to be closing fifteen Expo stores that were not profitable. Expo Stores cater to up-scale neighborhoods and affluent customers while Home Depot locations cater to a broader mix.

Organic Baby Products Analysts applauded Nardelli's moves to streamline Home Depot's operations though when he joined the company most were skeptical that he could pull it off.Home Depot will incur a one-time charge of almost $106 million in closing the Expo stores, which other wise would have given the retailer a profit of 60 cents per share, 5 cents more than those same analysts had estimated.

Baby Clothes Uk While Home Depot moves through the closing of the 15 stores its also planning on opening 175 more Home Depot stores yet this year, the company said. Most of the employees who will lose their jobs at the Expo stores have the option of transferring to one of the newer locations as well.

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