Home Depot (HD) Tops Q1 EPS by 6c; Updates Outlook

Home Depot (NYSE: HD) reported Q1 EPS of $1.67, $0.06 better than the analyst estimate of $1.61. Revenue for the quarter came in at $23.9 billion versus the consensus estimate of $23.72 billion.

"We were pleased with our results as they reflected broad-based growth across our interconnected platform and all geographies," said Craig Menear, chairman, CEO and president. "This was made possible by our hard working store associates, merchants and supply chain teams and our continued dedication to customer service."

GUIDANCE:

Based on its year-to-date performance, the Company reaffirmed its fiscal 2017 sales growth guidance and expects sales will be up approximately 4.6 percent and comp sales will be up approximately 4.6 percent. The Company also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth after anticipated share repurchases of approximately 11.0 percent from fiscal 2016 to $7.15, versus the consensus of $7.20.

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

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