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

Market news

14 August 2018

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

Home Depot (HD) reported Q2 FY 2018 earnings of $3.05 per share (versus $2.25 in Q2 FY 2017), beating analysts' consensus estimate of $2.85.

The company's quarterly revenues amounted to $30.463 bln (+8.4% y/y), beating analysts' consensus estimate of $30.035 bln.

The company also issued mixed guidance for FY 2018, projecting EPS of $9.42 (versus analysts' consensus estimate of $9.46 and its prior forecast of $9.31) and revenues of $108.0 bln (versus analysts' consensus estimate of $107.9 bln and its prior guidance of ~$107.5 bln).

HD rose to $198.12 (+2.05%) in pre-market trading.

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