Tag Archives: Home Depot

Home Depot beating estimates of $27.84bn

On Tuesday, Home Depot shed 2.65% to close at $150.17 per share, despite the group releasing better-than-expected results. During the 2nd quarter, the home improvement retailer saw revenues come in at $28.11bn, beating estimates of $27.84bn. In addition, same-store sales grew by 6.3%, much higher than expectations of a 4.9% increase. This uptick in sales comes as the group continues to benefit from an improving housing market in the US. Overall, Home Depot saw net income for the quarter grow to $2.7bn, or $2.25 per share, up from the $2.4bn, or $1.97 per share, recorded in the previous corresponding period and better than estimates of $2.22 per share.

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Home Depot easily surpasses earnings and revenue expectations

Home Depot released better-than-expected results on Tuesday, with the group easily surpassing expectations for both earnings and revenue. During the first quarter, revenues came in at $23.89bn, beating estimates of $23.74bn. The group’s US comparable sales metric increased by 6%, sharply higher than expectations of 4.3%, while global same-store sales grew by 5.5%. Home Depot also saw net income come in at $2.01bn, or $1.67 per share, in the first quarter, up from $1.8bn, or $1.44 per share, a year ago. Adjusted earnings stood at $1.67 per share, marginally higher than expectations of $1.62 per share.

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The Home Depot surpasses estimates

On Tuesday, Home Depot shed 2.56% following the release of its latest quarterly results, despite the group surpassing estimates for both earnings and revenue. During its fiscal 3rd quarter, Home Depot recorded sales of $23.2bn, up from the $21.82bn reported in the previous corresponding period and better than estimates of $23.05bn. This increase in sales was primarily due to a 5.5% increase in same-store sales during the period, easily beating estimates of a 4.4% increase. The group saw earnings come in at $1.60 per share, better than estimates of an increase to $1.58 per share and higher than the $1.36 per share recorded a year ago.

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Home Depot meet expectations

On Tuesday, Home Depot’s latest quarterly results meet expectations. The world’s largest retailers performed well during the quarter, with the group continuing to reap the benefits of a strong housing market. For the period, revenue came in at $26.47bn, up from $24.83bn a year ago and in-line with expectations of an increase to $24.69bn. In addition, Home Depot reported earnings of $1.97 per share, in line with estimates, but higher than the $1.71 per share reported in 2015. Lastly, over the quarter, the group saw same-store sales increase by 4.7%, slightly lower than an expected increase of 4.8%.

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Home Depot falls 2.47% in spite of beating estimates

Home Depot ended 2.47% lower, on Tuesday, in spite of the group meeting (and surpassing) analysts’ expectations. During the quarter ended 30 April, Home Depot reported a 9% increase in sales to $22.8bn, marginally higher than estimates of $22.4bn. In addition, profit increased to $1.44 per share, up from $1.16 a year earlier, and substantially higher than an average estimate of $1.35. However, the results were overshadowed by slower first quarter sales growth, where comparable-store sales only increased by 4.3% in April, down from 6.7% in March and 10.2% in February.

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