CORRECTION: Home Depot Q2 EPS $4.65 Beats $4.46 Estimate, Sales $42.92B Beat $42.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Home Depot reported Q2 earnings of $4.65 per share, beating the analyst consensus estimate of $4.46 by 4.26%. However, this is a 7.92% decrease from the same period last year. The company also reported quarterly sales of $42.92 billion, beating the estimate of $42.25 billion by 1.57%, but this is a 2.00% decrease from last year.
August 15, 2023 | 10:06 am
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NEUTRAL IMPACT
Home Depot's Q2 earnings and sales beat estimates but are lower than the same period last year.
While Home Depot beat estimates, the decrease in earnings and sales compared to the same period last year could potentially impact investor sentiment and the stock's short-term performance.
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IMPORTANCE 80
RELEVANCE 100