Market Overview

Home Depot Up 1.7% On Earnings And Guidance News (HD)

Shares of Home Depot, Inc. (NYSE: HD) are trading up 1.7% at $31.92 per share during the Tuesday afternoon trading session. The day's trading range for shares of Home Depot, Inc has been between $31.54 and $32.82 per share. Analysts covering the company's stock give it a consensus price target of $34.59 per share.

Volume of 17.3 million shares is already well above the daily average volume of 11.7 million shares.

Home Depot, Inc. (HD) announced on Tuesday morning that it beat consensus Wall Street expectations. Home Depot, Inc announced 3rd quarter earnings per share of 51 cents, on revenue of $16.6 billion.

According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 48 cents per share, on revenue of $16.59 billion.

Home Depot, Inc forecast an increase of 25% in full-year diluted earnings per share from continuing operations to $1.94.

Chairman and CEO Frank Blake said, “Our third quarter sales reflect the fourth consecutive quarter of positive same store sales for our business. As the business stabilizes, we continue to improve our operational performance. We are exercising good control over our expenses but we're also investing in the business to drive improvements across customer service, merchandising and our supply chain. I want to thank our associates for their hard work and dedication.”

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Posted-In: Earnings News Guidance Movers

 

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