Company News: Home Depot (HD) Q3 results beat analysts’ expectations

Market news

15 November 2016

Company News: Home Depot (HD) Q3 results beat analysts’ expectations

Home Depot reported Q3 FY 2016 earnings of $1.60 per share (versus $1.36 in Q3 FY 2015), beating analysts' consensus estimate of $1.58.

The company's quarterly revenues amounted to $23.154 bln (+6.1 y/y), slightly beating analysts' consensus estimate of $23.050 bln.

The company also issued guidance for FY2017, forecasting EPS of ~$6.43 (+15.9% y/y; compared to analysts' consensus estimate of $6.33 and up from $6.31 prior guidance) and revenues of $94.1 bln (+6.3% y/y; compared to analysts' consensus estimate of $94.15 bln).

HD rose to $130.07 (+1.88%) in pre-market trading. It reaffirmed FY2016 sales to be up ~4.9% y/y.

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