UBS Reiterates Buy on Home Depot (HD) Following 1Q EPS Beat
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The Home Depot Announces First Quarter Results; Raises Fiscal Year 2016 Guidance
May 17, 2016 6:00 AM EDTATLANTA, May 17, 2016 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $22.8 billion for the first quarter of fiscal 2016, a 9.0 percent increase from the first quarter of fiscal 2015. Comparable store sales for the first quarter of fiscal 2016 were positive 6.5 percent, and comp sales for U.S. stores were positive 7.4 percent.
Net earnings for the first quarter of fiscal 2016 were $1.8 billion, or $1.44 per diluted share, compared with net earnings of $1.6 billion, or $1.21 per diluted share, in the same period of fiscal 2015. For the first quarter of fiscal 2016, diluted earnings per share increased... More
