Home Depot (HD $48.50 -1.39) reported earnings of $0.65 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.65, while revenues rose 5.9% year/year to $17.81 billion versus the $17.89 billion consensus. The company issued guidance for fiscal year 2013 sees EPS of $2.90, may not be comparable to $2.90 Capital IQ Consensus and revenues of +4.6% YoY calculating to approximately $73.63 billion versus the $74.09 billion consensus.
Comparable store sales for the first quarter of fiscal 2012 were positive 5.8%, and comp sales for U.S. stores were positive 6.1%. "We saw a stronger-than-expected start to the year, driven by record warm weather and continued demand for core products."






