Home Depot Tops Q3 Earnings Estimate on Solid US Comps, Boosts Full-Year Outlook
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Home Depot said earnings for the three months ending in September came in at $2.51 per share, topping the $2.26 estimate and rising 36.4% from the same period last year. Group revenues, the company said, rose 7.2% to $26.3 billion, narrowly beating the Street consensus. Comparable U.S. sales, Home Depot said, were up 5.4% while rising 4.8% across all markets. Home Depot said it now sees full-year earnings rising to as high as $9.75 per share on a diluted basis, up from a prior estimate of $9.42 and a Street consensus of $9.55, while same-store sales for the whole of 2018 should rise by 5.5%.
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https://www.thestreet.com/investing/earn...yptr=yahoo
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Home Depot said earnings for the three months ending in September came in at $2.51 per share, topping the $2.26 estimate and rising 36.4% from the same period last year. Group revenues, the company said, rose 7.2% to $26.3 billion, narrowly beating the Street consensus. Comparable U.S. sales, Home Depot said, were up 5.4% while rising 4.8% across all markets. Home Depot said it now sees full-year earnings rising to as high as $9.75 per share on a diluted basis, up from a prior estimate of $9.42 and a Street consensus of $9.55, while same-store sales for the whole of 2018 should rise by 5.5%.
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https://www.thestreet.com/investing/earn...yptr=yahoo