Home Depot, Earnings Call
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Home Depot beat Wall Street’s first-quarter revenue and domestic same-store sales expectations, and maintained its full-year guidance.
HD's Q1 sales reflect gains from customer engagement in smaller projects and spring events. Earnings continue to reflect higher costs and soft margins.
Home Depot (HD) came out with quarterly earnings of $3.56 per share, missing the Zacks Consensus Estimate of $3.59 per share. This compares to earnings of $3.63 per share a year ago. These figures ...
Since the article was published, Home Depot's stock has declined 7.02%, significantly underperforming the S&P 500, which gained 1.13% during the same period.
Analysts expect a muted report from the home improvement giant, reflecting softer demand and fewer store visits amid a sluggish housing market.