Home Depot Q1 Profit Rises, Comps. Up 6.5%; Increases FY16 Guidance

HD133.13 +2.21 (1.66%) Earnings Reaction History: The Home Depot, Inc., 27.3% Follow-Through Indicator, 1.5% SensitiveLongs Eke Out Modest Historical Advantage Trading Home Depot off Pre-Bell EarningsRetail Stocks to Watch for Earnings: HD, WMT, TGT, GPSPowered by Market INTELLIGENCE ), the globe’s biggest house renovation store, reported web incomes for the very first quarter of financial 2016 of $1.8 billion, or $1.44 per share, contrasted to $1.6 billion, or $1.21 per share, in the exact same duration of financial 2015. For the initial quarter of financial 2016, incomes per share enhanced 19.0 percent from the exact same duration in the previous year.
The Home Depot reported sales of $22.76 billion for the initial quarter of monetary 2016, a 9.0 percent rise from the initial quarter of financial 2015. Equivalent shop sales for the very first quarter of financial 2016 declared 6.5 percent, and also compensation sales for U.S. shops declared 7.4 percent. Experts anticipated earnings of $22.39 billion for the quarter.
The Home Depot increased its monetary 2016 sales advice and also currently anticipates sales will certainly be up around 6.3 percent and also compensation sales will certainly be up about 4.9 percent. The business likewise elevated its earnings-per-share advice for the year and also currently anticipates incomes per share to expand around 14.8 percent from financial 2015 to $6.27.

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HD133.13 +2.21 (1.66%) Earnings Reaction History: The Home Depot, Inc., 27.3% Follow-Through Indicator, 1.5% SensitiveLongs Eke Out Modest Historical Advantage Trading Home Depot off Pre-Bell EarningsRetail Stocks to Watch for Earnings: HD, WMT, TGT, GPSPowered by Market INTELLIGENCE ), the globe’s biggest house renovation seller, reported web revenues for the initial quarter of monetary 2016 of $1.8 billion, or $1.44 per share, contrasted to $1.6 billion, or $1.21 per share, in the exact same duration of monetary 2015. For the very first quarter of monetary 2016, profits per share boosted 19.0 percent from the very same duration in the previous year. The Home Depot reported sales of $22.76 billion for the very first quarter of monetary 2016, a 9.0 percent rise from the initial quarter of monetary 2015. The Home Depot increased its financial 2016 sales support and also currently anticipates sales will certainly be up around 6.3 percent and also compensation sales will certainly be up roughly 4.9 percent. The business additionally elevated its earnings-per-share assistance for the year and also currently anticipates profits per share to expand about 14.8 percent from monetary 2015 to $6.27.

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