Home Depot (HD) Misses Q1 EPS by 5c, Revenues Miss; Updates Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
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
