• Company News: Home Depot Inc (HD) quarterly earnings beat analysts’ forecast

Market news

13 November 2018

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

Home Depot Inc (HD) reported Q3 FY 2018 earnings of $2.51 per share (versus $1.84 in Q3 FY 2017), beating analysts’ consensus estimate of $2.27.

The company’s quarterly revenues amounted to $26.302 bln (+5.1% y/y), generally in line with analysts’ consensus estimate of $26.231 bln.

The company also issued raised guidance for FY 2018, projecting EPS of $9.75 (compared to its prior guidance of $9.42 and analysts’ consensus estimate of $9.58) and revenues growth rate of +7.2% y/y to $108 bln (compared to its prior guidance of +7.0% y/y and analysts’ consensus estimate of $108.28 bln).

HD rose to $182.47 (+1.69%) in pre-market trading.

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