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

Market news

21 May 2019

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

Home Depot (HD) reported Q1 FY 2020 earnings of $2.27 per share (versus $2.08 in Q1 FY 2019), beating analysts’ consensus of $2.19.

The company’s quarterly revenues amounted to $26.381 bln (+5.7% y/y), generally in line with analysts’ consensus estimate of $26.339 bln.

The company issued guidance for FY 2020, projecting EPS of ~$10.03 (versus analysts’ consensus estimate of $10.08) and revenues of +3.3% y/y to ~$111.8 bln (versus analysts’ consensus estimate of $111.46 bln).

HD fell to $190.45 (-0.26%) in pre-market trading.

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