Investing.com - Home improvement retailer Home Depot (NYSE:HD) reported second quarter earnings and revenue that were largely in line with market expectations, it announced early Tuesday.
Home Depot said adjusted earnings per share came in at $1.71, matching forecasts and up 13.8% from earnings of $1.52 in the same period a year earlier.
Second quarter results include a pretax net expense of $92 million, or $0.05 per diluted share, related to the company's 2014 data breach.
Second quarter results also reflect a pretax gain on sale of $144 million, or $0.07 per diluted share, related to the sale of the remaining portion of the company's equity ownership in HD Supply Holdings, Inc.
Home Depot's second quarter revenue totaled $24.80 billion, a 4.3% increase from the second quarter of 2014 and beating forecasts for revenue of $24.69 billion.
Comparable store sales for the second quarter were positive 4.2%, and comp sales for U.S. stores were positive 5.7%.
"We were pleased with this quarter's results. We saw balanced growth across our business resulting from strength in the core of the store as well as the continued recovery of the U.S. housing market," said Craig Menear, chairman, CEO and president.
Based on its year-to-date performance, Home Depot raised its fiscal 2015 sales guidance and now expects sales will grow in a range of approximately 5.2% to 6.0% and comp sales will grow in a range of approximately 4.1% to 4.9%.
The Company also raised its diluted earnings-per-share guidance for the year and now expects diluted earnings per share to grow in a range of approximately 13% to 14% from fiscal 2014 to $5.31 to $5.36.
Following the release of the report, HD shares inched down 0.66% in pre-market trade to $119.00 from Monday's closing price $119.79.
Meanwhile, the outlook for U.S. equity markets was mildly lower. The Dow futures pointed to a loss of 0.2% at the open, the S&P 500 futures indicated a decline of 0.2%, while the Nasdaq 100 futures decreased 0.25%.