Home Depot lower after missing Q1 estimates

Home Depot (HD) reports comparable-store sales rose 2.6% in Q1, paced by a 3.3% comp in the U.S.

The company processed 344.5M transactions during the quarter, up 2.2% from a year ago. The average ticket rose 0.6% to $57.59.

EPS guidance for Q2 is raised to $4.42, inclusive of a $0.04 benefit from the sales of HD Supply stock.

Despite the earning miss, execs with Home Depot cite late quarter strength which rolled into Q2.

HD -2.0% premarket

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Comments (2)
  • Minutemen
    , contributor
    Comments (2268) | Send Message
    These are solid numbers. This presents a good chance to pick up more HD on the panic selling.
    20 May 2014, 07:51 AM Reply Like
  • mrfolsom
    , contributor
    Comments (81) | Send Message
    Yep. Took a small position yesterday, I'll add another chunk today.
    20 May 2014, 07:57 AM Reply Like
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