Home Depot beats by $0.06, reports revs in-line; raises FY18 EPS guidance; reaffirms FY18 revs & comps guidance; Q1 comps +5.5% (157.33)
* Reports Q1 (Apr) earnings of $1.67 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $1.61; revenues rose 4.9% year/year to $23.89 bln vs the $23.74 bln Capital IQ Consensus. Comparable store sales for the first quarter of fiscal 2017 were positive 5.5 percent, and comp sales for U.S. stores were positive 6.0 percent.
* Co issues guidance for FY18, raises EPS to ~$7.15 from $7.13 vs. $7.20 Capital IQ Consensus Estimate; sees FY18 revs of growth of ~4.6% to ~$98.95 bln vs. $99.18 bln Capital IQ Consensus Estimate; Co reaffirms it sees FY18 comps sales of ~4.6%.