Company news: Home Depot’s (HD) quarterly results beat analysts’ expectations

Home Depot (HD) reported Q3 FY2024 earnings of $3.78 per share (versus $3.81 per share in Q3 FY2023), beating analysts’ consensus estimate of $3.65 per share.

The company’s quarterly revenues amounted to $40.217 bln (+6.6% y/y), beating analysts’ consensus estimate of $39.309 bln.

The company also issued upside guidance for FY2024, seeing EPS of -1% y/y to $15.10 versus analysts’ consensus estimate of $14.97 and revenues of +4% y/y to ~$158.8 bln versus analysts’ consensus estimate of $157.54 bln.

HD rose to $419.00 (+2.62%) in pre-market trading.