Company News: Home Depot (HD) quarterly earnings beat analysts’ expectations

Market news

20 February 2018

Company News: Home Depot (HD) quarterly earnings beat analysts’ expectations

Home Depot (HD) reported Q4 FY 2018 earnings of $1.69 per share (versus $1.44 in Q4 FY 2017), beating analysts' consensus estimate of $1.64.

The company's quarterly revenues amounted to $23.883 bln (+7.5% y/y), generally in-line with analysts' consensus estimate of $23.653 bln.

The company issued in-line guidance for FY 2019, projecting EPS of $9.31 (versus analysts' consensus estimate of $9.32) at revenues of $107.46 bln (versus analysts' consensus estimate of $107.09 bln).

It also increased quarterly dividend to $1.03/share from $0.89/share.

HD rose to $192.78 (+3.11%) in pre-market trading.

Canada: Wholesale Sales, m/m, December -0.5% (forecast 0.4%)

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