Company News: The Home Depot (HD) reported better than expected fourth fiscal quarter profits

Market news

24 February 2015

Company News: The Home Depot (HD) reported better than expected fourth fiscal quarter profits

The Home Depot (HD) earned $1.00 per share in the fourth fiscal quarter, beating analysts' estimate of $0.89. Revenue in the fourth fiscal quarter increased 8.3% year-over-year to $19.16 billion, beating analysts' estimate of $18.67 billion.

The company released its forecasts for fiscal year 2016. EPS is expected to be $5.11-$5.17 billion (analysts' estimate: $5.23 billion) Revenue is expected to be $86.1-$87.1 billion (analysts' estimate: $86.31 billion).

The Home Depot (HD) shares increased to $116.10 (+3.40%) prior to the opening bell.

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U.S.: S&P/Case-Shiller Home Price Indices, y/y, December +4.5% (forecast +4.5%)

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