Home Depot beats by $0.08, reports revs in-line; raises FY15 EPS above consensus, reaffirms FY15 revs guidance; Q2 comps +5.8%
Reports Q2 (Jul) earnings of $1.52 per share, $0.08 better than the Capital IQ Consensus Estimate of $1.44; revenues rose 5.7% year/year to $23.81 bln vs the $23.61 bln consensus.
- Co issues guidance for FY15, raises EPS to $4.52 from $4.38 vs. $4.41 Capital IQ Consensus Estimate; reaffirms FY15 revs of +4.8% to ~$82.59 bln vs. $82.52 bln Capital IQ Consensus Estimate.
- Comparable store sales for the second quarter of fiscal 2014 were positive 5.8%, and comp sales for U.S. stores were positive 6.4 percent.
- Guidance Details: This earnings-per-share guidance includes the benefit of the Company's year-to-date share repurchases of $3.5 billion and the Company's intent to repurchase an additional $3.5 billion of shares over the remainder of the year.