The Home Depot Announces First Quarter Fiscal 2023 Results; Updates Fiscal 2023 Guidance
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Home Depot (HD) falls on miss, lower guidance; Soft results 'widely expected' says analyst
May 16, 2023 6:18 AM EDT(Updated - May 16, 2023 7:57 AM EDT)
Shares of home improvement giant Home Depot (NYSE: HD) trade 2.3% lower in pre-open trading Tuesday following a miss in the current quarter and lower guidance for the year.
Sales for the first quarter fell 4.2% to $37.3 billion, missing the Wall Street consensus of $38.6 billion. EPS fell to $3.82 per share from $4.09 per share last year and missed the consensus of $3.87.
"After a three-year period of unprecedented growth for our sector, during which we grew sales by over $47 billion, we expected that fiscal 2023 would be a year... More
Home Depot (HD) Misses Q1 EPS by 5c, Revenues Miss; Updates Guidance
May 16, 2023 6:03 AM EDTHome Depot (NYSE: HD) reported Q1 EPS of $3.82, $0.05 worse than the analyst estimate of $3.87. Revenue for the quarter came in at $37.3 billion versus the consensus estimate of $38.6 billion.
GUIDANCE:
Fiscal 2023 Guidance
"Given the negative impact to first quarter... More
