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.