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

Market news

25 February 2020

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

Home Depot (HD) reported Q4 FY 2019 earnings of $2.28 per share (versus $2.25 per share in Q4 FY 2018), beating analysts' consensus estimate of $2.11 per share.

The company's quarterly revenues amounted to $25.782 bln (-2.7% y/y), in line with analysts' consensus estimate of $25.782 bln.

The company also issued downside guidance for FY 2020, projecting EPS of ~$10.45 (versus analysts' consensus estimate of $10.55) and revenues of +3.5-4.0% y/y to $114.1-114.6 bln (versus analysts' consensus estimate of $114.91 bln).

HD rose to $245.61 (+2.47%) in pre-market trading.

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