Home Depot: Q1 above expectations

(CercleFinance.com) - Home Depot has reported Q1 2018 earnings that are up 19.
4% at 2.4 billion dollars, meaning EPS of 2.08 dollars, while the consensus was expecting three cents less.

This earnings growth posted by the home improvement chain is thanks to a 4.4% increase in revenues, which reached 24.9 billion dollars, including 4.2% growth at constant stores (+3.9% in the US alone).

Boosted by a strong start to the year, the group has confirmed its FY EPS growth target of 28% to 9.31 dollars, with revenues that are up around 6.7% as reported, with 5% growth at constant stores.


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