Home Depot Earnings, Revenue Beat in Q4

Investing.com – Home Depot reported on Tuesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

Home Depot announced earnings per share of $2.28 on revenue of $25.78B. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $25.77B. That with comparison to EPS of $2.25 on revenue of $26.49B in the same period a year before. Home Depot had reported EPS of $2.53 on revenue of $27.22B in the previous quarter. Analysts are expecting EPS of $2.36 and revenue of $27.61B in the upcoming quarter.

Home Depot shares are up 9% from the beginning of the year , still down 3.10% from its 52 week high of $247.36 set on February 21. They are outperforming the S&P 500 which is down 0.58% year to date.

Home Depot follows other major Services sector earnings this month

Home Depot’s report follows an earnings beat by Amazon.com on January 30, who reported EPS of $6.47 on revenue of $87.44B, compared to forecasts EPS of $4.04 on revenue of $86.03B.

Alibaba ADR had beat expectations on February 13 with third quarter EPS of $18.19 on revenue of $161.46B, compared to forecast for EPS of $15.91 on revenue of $159.7B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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