Company News: Home Depot (HD) Q1 results beat analysts’ expectations

Market news

17 May 2016

Company News: Home Depot (HD) Q1 results beat analysts’ expectations

Home Depot reported Q1 FY 2016 earnings of $1.44 per share (versus $1.16 in Q1 FY 2015), beating analysts' consensus of $1.35.

The company's quarterly revenues amounted to $22.762 bln (+9% y/y), beating consensus estimate of $22.389 bln.

Home Depot issued raised guidance for FY 2016, increasing EPS forecast to $6.27 from $6.12-6.18 (versus analysts' consensus estimate of $6.22) and revenues forecast to $94.095 bln (+6.3% y/y) from $93.03-93.83 bln (versus analysts' consensus estimate of $93.84 bln).

HD fell to $134.55 (-0.58%) in pre-market trading.

Foreign exchange market. European session: the British pound traded lower against the U.S. dollar on the weak consumer price inflation data from the U.K.

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