No love for Home Depot (HD) this morning, despite the company’s beating Q3 expectations and forecasting higher for this quarter. Sales in the three months ended November 1 fell 8%, year over year, to $16.4 billion, ahead of the $16.28 billion estimate. Profit per share of 41 cents beat estimates by 5 cents. The company now says profit may fall only 13% this year, to $1.55, which is better than a prior expectation of a 20% decline, and ahead of the $1.53 average estimate. But not by enough, apparently: the shares are down 70 cents, or 2.5%, pre-market, at $26.95.
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