Home Depot Q4 GAAP EPS $2.82 Beats $2.77 Estimate, Sales $34.79B Beat $34.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Home Depot reported Q4 GAAP EPS of $2.82, surpassing the $2.77 estimate, and sales of $34.79B, exceeding the $34.64B estimate. However, this reflects a 14.55% decrease in earnings and a 2.92% decrease in sales from the same period last year.
February 20, 2024 | 11:00 am
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Home Depot's Q4 earnings and sales exceeded estimates, with an EPS of $2.82 and sales of $34.79B, but showed a decline from the previous year.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm, leading to a cautiously optimistic outlook.
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IMPORTANCE 90
RELEVANCE 100