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

Market news

15 May 2018

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

Home Depot (HD) reported Q1 FY 2018 earnings of $2.08 per share (versus $1.67 in Q1 FY 2017), beating analysts' consensus estimate of $2.05.

The company's quarterly revenues amounted to $24.947 bln (+4.4% y/y), generally in-line with analysts' consensus estimate of $25.172 bln.

The company reaffirmed guidance for FY 2018, projecting EPS of $9.31 (versus analysts' consensus estimate of $9.43) on revenues of $107.50 bln (versus analysts' consensus estimate of $107.73 bln).

HD fell to $185.50 (-2.92%) in pre-market trading.

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