Company news: Home Depot (HD) posts mixed quarterly results

Home Depot (HD) reported Q1 FY2024 earnings of $3.63 per share (versus $3.82 per share in Q1 FY2023), beating analysts’ consensus estimate of $3.60 per share.

The company’s quarterly revenues amounted to $36.418 bln (-2.3% y/y), missing analysts’ consensus estimate of $36.646 bln.

The company also reaffirmed guidance for FY2024, seeing EPS of +1% y/y to ~$15.26 versus analysts’ consensus estimate of $15.32 and revenues of +1% y/y to ~$154.23 bln versus analysts’ consensus estimate of $154.26 bln.

HD rose to $344.00 (+0.89%) in pre-market trading.

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15.11.2024

Key events for next week: eurozone, Canada, UK and Japan CPI, German GDP, UK and Canada retail sales, eurozone, UK and US PMI indices

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Canada’s wholesale sales rise marginally less than forecast in September

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