Company News: Home Depot (HD) quarterly results beat analysts’ expectations

Market news

23 February 2021

Company News: Home Depot (HD) quarterly results beat analysts’ expectations

Home Depot (HD) reported Q4 FY 2020 earnings of $2.65 per share (versus $2.28 per share in Q4 FY 2019), beating analysts’ consensus estimate of $2.37 per share.

The company’s quarterly revenues amounted to $32.261 bln (+25.1% y/y), beating analysts’ consensus estimate of $27.096 bln.

The company also announced that its board of directors approved an increase in its quarterly dividend by 10% to $1.65/share, which equates to an annual dividend of $6.60/share.

HD fell to $266.98 (-3.22%) in pre-market trading.

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