Investing.com - Home improvement retailer Home Depot reported better-than-expected first quarter earnings on the back of strong revenue figures, it announced early Tuesday.
Earlier in the day, in its first quarter earnings report, Home Depot said earnings per share came in at USD0.83, compared to expectations for earnings of USD0.76 per share.
The company’s first quarter revenue totaled USD19.12 billion, above expectations for revenue of USD18.63 billion.
Home Depot now sees full year earnings per share at USD3.52 compared to a previous estimate of USD3.37 per share.
Following the release of the report, HD shares rallied 4% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was mildly lower. The Dow Jones Industrial Average futures pointed to a flat open, S&P 500 futures lost 0.1%, while the Nasdaq 100 futures indicated a decline of 0.1% at the open.
Earlier in the day, in its first quarter earnings report, Home Depot said earnings per share came in at USD0.83, compared to expectations for earnings of USD0.76 per share.
The company’s first quarter revenue totaled USD19.12 billion, above expectations for revenue of USD18.63 billion.
Home Depot now sees full year earnings per share at USD3.52 compared to a previous estimate of USD3.37 per share.
Following the release of the report, HD shares rallied 4% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was mildly lower. The Dow Jones Industrial Average futures pointed to a flat open, S&P 500 futures lost 0.1%, while the Nasdaq 100 futures indicated a decline of 0.1% at the open.