Home Depot: raises 2018 targets
(CercleFinance.com) - Home Depot is raising its FY targets, now looking for EPS growth of 29.
2% to 9.42 dollars, with revenue up 7% as reported and up 5.3% like-for-like.
In its second quarter, the home improvement chain earned a net profit of 3.5 billion dollars, meaning EPS that is up 35.6% at 3.05 dollars, therefore beating the consensus by around twenty cents.
This better-than-expected improvement in earnings is based on an 8.4% growth in its turnover, to 30.5 billion dollars, including 8% growth at constant stores (+8.1% in the US alone).
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