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

Market news

19 May 2020

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

Home Depot (HD) reported Q1 FY 2020 earnings of $2.08 per share (versus $2.27 per share in Q1 FY 2019), missing analysts' consensus estimate of $2.27 per share.

The company's quarterly revenues amounted to $28.260 bln (+7.1% y/y), beating analysts' consensus estimate of $27.591 bln.

As a result of the uncertainty related to the duration of COVID-19 and its impact on the broader economy, the company suspended its previously communicated FY 2020 guidance.

HD fell to $238.50 (-2.79%) in pre-market trading.

Japan's government prepares cash injections for small- to medium-size virus-hit companies - Nikkei reports, citing sources

Company News: Baidu (BIDU) quarterly results beat analysts’ expectations

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