Home Depot (HD) Tops Q3 EPS by 5c; Narrows Outlook

Home Depot (NYSE: HD) reported Q3 EPS of $3.81, $0.05 better than the analyst estimate of $3.76. Revenue for the quarter came in at $37.7 billion versus the consensus estimate of $37.63 billion.

GUIDANCE:

The company narrowed its prior fiscal 2023 guidance range:

• Sales and comparable sales to decline between 3% and 4% compared to fiscal 2022
• Operating margin rate to be between 14.2% and 14.1%
• Tax rate of approximately 24.5%
• Interest expense of approximately $1.8 billion
• Diluted earnings-per-share-percent-decline between 9% and 11% compared to fiscal 2022

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

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