EmailStory Stocks®
Archive
Last Update: 15-Nov-11 09:43 ET
Home Depot Tops Third Quarter Expectations; Raises Fiscal Year 2012 EPS Guidance
Home Depot (HD $44.94 +0.29) reported third quarter earnings of $0.60 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.58.
Revenues rose 4.4% year/year to $17.33 billion versus the $17.12 billion consensus.
For the fiscal year 2012, the company raised its earnings guidance to $2.38 versus $2.35 Capital IQ Consensus Estimate, up from the prior guidance of $2.34; reaffirms fiscal year 2012 revenue guidance; sees revenue growth of +2.5% year/year, which calculates to approx. $69.7 billion versus $69.68 billion Capital IQ Consensus Estimate.
Comparable store sales for the third quarter of fiscal 2011 were positive 4.2%, and comp sales for U.S. stores were positive 3.8%. The company also declares a 16% increase in its quarterly dividend to $0.29 per share.
Revenues rose 4.4% year/year to $17.33 billion versus the $17.12 billion consensus.
For the fiscal year 2012, the company raised its earnings guidance to $2.38 versus $2.35 Capital IQ Consensus Estimate, up from the prior guidance of $2.34; reaffirms fiscal year 2012 revenue guidance; sees revenue growth of +2.5% year/year, which calculates to approx. $69.7 billion versus $69.68 billion Capital IQ Consensus Estimate.
Comparable store sales for the third quarter of fiscal 2011 were positive 4.2%, and comp sales for U.S. stores were positive 3.8%. The company also declares a 16% increase in its quarterly dividend to $0.29 per share.
