Investing.com - Home Depot (NYSE:HD) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Home Depot announced earnings per share of $2.08 on revenue of $28.26B. Analysts polled by Investing.com anticipated EPS of $2.28 on revenue of $27.53B. That with comparison to EPS of $2.27 on revenue of $26.38B in the same period a year before.Home Depot had reported EPS of $2.28 on revenue of $25.78B in the previous quarter.Analysts are expecting EPS of $3 and revenue of $30.9B in the upcoming quarter.
Home Depot shares are up 12% from the beginning of the year and are trading at $245.35 , down-from-52-week-high.They are outperforming the S&P 500 which is down 8.96% year to date.
Home Depot follows other major Services sector earnings this month
Home Depot's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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