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Home Depot Earnings, Revenue Beat in Q1 -Breaking

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© Reuters Home Depot Earnings, Revenue Beat in Q1

Investing.com – Home Depot (NYSE:) Tuesday’s first quarter report showed revenue exceeding expectations and beating analysts’ predictions.

Home Depot posted earnings per share (EPS) of $4.09 for revenue $38.91B. Investing.com polled analysts and predicted EPS at $3.68 for revenue $36.57B.

Home Depot shares have fallen 28% since the start of the year. However, they are still below 29.63% of its 52-week high of $420.61 on December 6, 2021. They are under-performing the S&P 500 which is down 15.91% from the start of the year.

Home Depot is following other large Consumer Discretionary sectors earnings this month

The report by Home Depot follows the earnings miss of Amazon.com, which reported an EPS figure of $-7.56 for revenue $116.44B. This compares to Amazon.com’s forecasts of an EPS number of $8.35 for revenue $116.45B.

Tesla beat all expectations with its first quarter earnings per share of $3.22 on $18.76B in revenue, as compared to the $2.26 forecasted for $17.87B revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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