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

Market news

20 August 2019

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

Home Depot (HD) reported Q2 FY 2019 earnings of $3.17 per share (versus $3.05 in Q2 FY 2018), beating analysts’ consensus estimate of $3.08.

The company’s quarterly revenues amounted to $30.839 bln (+1.2% y/y), generally in line with analysts’ consensus estimate of $30.984 bln.

The company also issued guidance for FY 2019, projecting EPS of +3.1% y/y to ~$10.34 (versus analysts’ consensus estimate of $10.10) and revenues of +2.3% y/y to ~$110.7 bln (versus analysts’ consensus estimate of $111.18 bln).

HD rose to $212.00 (+1.95%) in pre-market trading.

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