Home Depot: annual targets raised slightly.
(CercleFinance.com) - Home Depot has raised its annual targets, now expecting EPS to rise by about 14% (vs.
13% previously), on revenues that are up around 6.3% (+6.5% at constant stores), i.e. one point above its previous forecast.
In Q3 of its fiscal year, the home improvement store chain posted a net income of 2.2 billion dollars, meaning a 15% rise in EPS to 1.84 dollar, beating the consensus by three cents.
At 25 billion dollars, Home Depot's revenues increased by 8.1% (+7.9% at constant stores) over a period that was tainted by several natural disasters (hurricanes and forest fires in the US, earthquake in Mexico).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
13% previously), on revenues that are up around 6.3% (+6.5% at constant stores), i.e. one point above its previous forecast.
In Q3 of its fiscal year, the home improvement store chain posted a net income of 2.2 billion dollars, meaning a 15% rise in EPS to 1.84 dollar, beating the consensus by three cents.
At 25 billion dollars, Home Depot's revenues increased by 8.1% (+7.9% at constant stores) over a period that was tainted by several natural disasters (hurricanes and forest fires in the US, earthquake in Mexico).
Copyright (c) 2017 CercleFinance.com. All rights reserved.