Investing.com - Home Depot (NYSE:HD) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Home Depot announced earnings per share of $2.28 on revenue of $25.78B. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $25.77B. That with comparison to EPS of $2.25 on revenue of $26.49B in the same period a year before.Home Depot had reported EPS of $2.53 on revenue of $27.22B in the previous quarter.Analysts are expecting EPS of $2.36 and revenue of $27.61B in the upcoming quarter.
Home Depot shares are up 9% from the beginning of the year and are trading at $239.70 , down-from-52-week-high.They are outperforming the S&P 500 which is down 0.58% year to date.
Home Depot follows other major Services sector earnings this month
Home Depot's report follows an earnings beat by Amazon.com on Thursday, January 30, 2020, who reported EPS of $6.47 on revenue of $87.44B, compared to forecasts EPS of $4.04 on revenue of $86.03B.
Alibaba ADR had beat expectations on Thursday, February 13, 2020 with third quarter EPS of $18.19 on revenue of $161.46B, compared to forecast for EPS of $15.91 on revenue of $159.7B.
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