Home Depot (HD) Tops Q2 EPS by 4c, Beats on Revenues; Boosts EPS Growth Guidance

Home Depot (NYSE: HD) reported Q2 EPS of $2.25, $0.04 better than the analyst estimate of $2.21. Revenue for the quarter came in at $28.11 billion versus the consensus estimate of $27.8 billion.

Updated Fiscal 2017 Guidance

Based on its year-to-date performance, the Company updated its fiscal 2017 sales growth guidance and now expects sales will be up approximately 5.3 percent and comp sales will be up approximately 5.5 percent. The Company also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth of approximately 13.0 percent from fiscal 2016 to $7.29. The Company\'s diluted earnings-per-share growth guidance includes the impact of $7 billion of share repurchases for fiscal 2017

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

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