Company News: Home Depot (HD) issued better than expected report and raised guidance for FY16

Market news

18 August 2015

Company News: Home Depot (HD) issued better than expected report and raised guidance for FY16

Company reported Q2 profit of $1.71 per share versus $1.69 consensus. Revenues rose 16.6% to $27.83 bln versus $24.69 bln consensus.

Company raised guidance for FY16: for EPS to $5.31-5.36 from $5.24-5.27 versus $5.29 consensus; for revenues to to $87.5-88.1 bln (+5.2-6.0% y/y from +4.2-4.8% prior) versus $86.99 bln consensus

HD rose to $121.00 (+1.09%) on the premarket.

Wall Street. Stocks before the bell

Housing starts in the U.S. hit the highest level since October 2007

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.