Home Depot raises outlook after strong quarter


Home Depot (HD) saw comparable store sales rise 10.7% during Q2 on strong store traffic. Analysts had forecast a gain of 7% to 8%.

The housing recovery was a major influence, but Home Depot also gained efficiencies at stores. SG&A expenses rose 5.6%, much lower than sales growth.

The company sees FY13 EPS of $3.60 on 4.5% revenue growth, up from prior guidance of $3.52 and 2.8% growth. (PR)

HD +4.1%

From other sites
Comments (3)
  • MEKhoury
    , contributor
    Comments (406) | Send Message
     
    bullish
    20 Aug 2013, 07:24 AM Reply Like
  • dctodd27
    , contributor
    Comments (119) | Send Message
     
    quite a reversal there....now down 1%...
    20 Aug 2013, 09:42 AM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
     
    was just gonna say.......up 4% to minus 1% in 15 min
    20 Aug 2013, 09:43 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs