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

Home Depot (HD) reported Q2 FY2024 earnings of $4.67 per share (versus $4.65 per share in Q2 FY2023), beating analysts’ consensus estimate of $4.53 per share.

The company’s quarterly revenues amounted to $43.175 bln (+0.6% y/y), beating analysts’ consensus estimate of $42.572 bln.

The company also issued mixed guidance for FY25, seeing EPS of minus 1-3% y/y to ~$14.66-14.96 versus analysts’ consensus estimate of $15.16 and revenues of +2.5-3.5% y/y to ~$156.5-158.0 bln versus analysts’ consensus estimate of $155.22 bln.

HD fell to $338.00 (-2.26%) in pre-market trading.

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Before the bell: S&P futures +0.15%, NASDAQ futures +0.30%, DJIA futures -0.04%

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