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Non-Tech : Home Depot (HD)
HD 255.25-1.8%Feb 25 4:00 PM EST

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From: JakeStraw11/13/2018 8:47:33 AM
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Home Depot on Tuesday reported quarterly earnings that beat analysts' expectations and raised its sales outlook for the full year, showing little sign of slowing down despite concerns about softening sales of existing home.
Here's what Home Depot reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: $2.51 vs. $2.26 expected
Revenue: $26.30 billion vs. $26.26 billion expected
Same-store sales: up 4.8 percent globally vs. growth of 4.7 percent expected

Home Depot CEO Craig Menear said Tuesday there is continued "overall strength of demand in the home improvement market," prompting the company to hike its outlook for fiscal 2018.

Looking to the full year, Home Depot now expects sales to grow roughly 7.2 percent, up from a previous outlook of just 7 percent. It says same-store sales should be up 5.5 percent, up from 5.3 percent.
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