--> HD -0.58% pre open
Home Depot beats by $0.02, beats on revs; Q2 comps +4.2%; raises FY16 guidance to reflect acquisition of Interline Brands
Reports Q2 (Jul) earnings of $1.71 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $1.69; revenues rose 16.9% year/year to $27.83 bln vs the $24.69 bln consensus. Comparable store sales for Q2 were +4.2%, and comp sales for U.S. stores were +5.7%.
- Co issues guidance for FY16 (reflecting acquisition of Interline Brands) raises EPS to $5.31-5.36 from $5.24-5.27, may not be comparable to $5.29 Capital IQ Consensus Estimate; raises FY16 revs to +5.2-6.0% from +4.2-4.8% prior to $87.5-88.1 bln, may not be comparable to $86.99 bln Capital IQ Consensus Estimate; sees comp sales +4.1-4.9%
- The Company's estimated probable losses related to the claims made by the payment card networks in connection with the data breach discovered in September 2014 are based on currently available information and expected payments associated with those claims. These estimates may change as new information becomes available or circumstances change.