Home Depot (HD) Tops Q3 EPS by 2c; Boosts FY16 EPS Outlook

Home Depot (NYSE: HD) reported Q3 EPS of $1.60, $0.02 better than the analyst estimate of $1.58. Revenue for the quarter came in at $23.2 billion versus the consensus estimate of $23.05 billion.

Comparable store sales for the third quarter of fiscal 2016 were positive 5.5 percent, and comp sales for U.S. stores were positive 5.9 percent. The Street was looking for comps to rise 4.3 percent.

GUIDANCE:

Home Depot said it now sees FY2016 EPS of $6.33, versus the consensus of $6.33.

For earnings history and earnings-related data on Home Depot (HD) click here.

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