<p>Home Depot (NYSE: HD) for the home improvement company’s fourth quarter of 2019 has HD shares on the move on Tuesday. This follows its diluted earnings per share (EPS) of $ 2.28, which is better than the Wall Street estimate of $ 2.10. The company’s revenue of $ 25.78 billion also beats analysts’ estimates of $ 25.76 billion.
Source: Rob Wilson / Shutterstock.com
Here’s what’s worth noting from the latest Home Depot earnings report.
Diluted EPS increased 9.09% from $ 2.09 over the same period last year. Revenue for the quarter was 2.68% lower than $ 26.49 billion in the fourth quarter of 2018. Operating profit of $ 3.4 billion is only slightly better compared to the previous year from $ 3.38 billion. Home Depot’s earnings report also includes net income of $ 2.48 billion. This is an increase of 5.98% compared to the company’s net income of $ 2.34 billion from the same period the year before.
Craig Menear, Chairman of the Board, President and CEO of Home Depot, says this about HD share income.
During the second year of our One Home Depot investment program, we increased sales by more than $ 9 billion – a growth that is unmatched in our market. I am proud of how our employees continue to focus on our customers and want to thank them for their hard work and commitment during the fourth quarter and throughout the year. ”
The Home Depot earnings report also includes its guidance for 2020. This expects that dilute EPS will come in at around $ 10.45. By comparison, Wall Street expects diluted earnings per share of $ 10.53 during the year.
The HD share was down slightly from Tuesday afternoon.
At the time of writing, William White had no position in any of the above securities.
© 2020 InvestorPlace Media, LLC