Home Depot, Inc. (HD) Tops Q3 EPS by 6c; Boosts FY13 Outlook

Home Depot, Inc. (NYSE: HD) reported Q3 EPS of $0.95, $0.06 better than the analyst estimate of $0.89. Revenue for the quarter came in at $19.47 billion versus the consensus estimate of $19.17 billion.

On a like for like basis, comparable store sales for the third quarter of fiscal 2013 were positive 7.4 percent, and comp sales for U.S. stores were positive 8.2 percent.

Sees FY13 EPS of $3.72, versus prior guidance of $3.6 and the consensus of $3.70. Based on its year-to-date performance and outlook for the remainder of the year, the Company raised its fiscal 2013 sales guidance and now expects sales to be up approximately 5.6 percent. Comparable store sales, on a 52-week like for like basis, are expected to be up approximately 7.0 percent for the year. The Company raised its fiscal 2013 diluted earnings-per-share guidance and now expects diluted earnings per share to be up approximately 24.0 percent to $3.72 for the year. The Company's fiscal 2013 sales and diluted earnings-per-share guidance is based on a 52-week year compared to fiscal 2012, a 53-week year.

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

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