Home Depot (HD) Issues Better Than Expected Outlook
More News related to HD
- Top 10 News Items 11/16-11/20: Dell Blows It Again, Geither Gets Roasted on Capitol Hill, Again, IPO's A-Plenty
- Home Depot (HD) Declares $0.225 Quarterly Dividend; 3.3% Yield
- The Home Depot Declares Third Quarter Dividend of 22.5 Cents
- Notable Midday ETF Movers 11/17: UUP, KRE, USO Higher; EWT, XRT Lower
- Home Depot (HD) Earnings Drop, But Top Wall Street Views
The Home Depot (NYSE: HD) is updating its FY2009 EPS guidance and now expects earnings per share from continuing operations to be flat to down 7 percent from last year. On an adjusted basis, the Company now expects earnings per share from continuing operations to decline by 20 to 26 percent. The Company previously announced its expectation that earnings per share from continuing operations in FY2009 would be down 7 percent from last year, and down 26 percent on an adjusted basis.
The Company reaffirmed its sales, comparable store sales and gross margin guidance for the 2009 fiscal year. The Company still expects sales to decline by approximately 9 percent, comparable store sales to be high single digit negative and for gross margin expansion to be flat to slightly positive.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
GuidanceHot List
Stocks Mentioned
+0.07Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
