Home Depot Q2 earnings beat expectations, boosts outlook

The world’s largest home improvement retailer Home Depot reported better-than-expected second quarter earnings on the back of strong revenue figures, it announced early Tuesday.

Earlier in the day, in its second quarter earnings report, Home Depot said earnings per share came in at USD1.24, above expectations for earnings of USD1.21 per share.

The company’s second quarter revenue totaled USD22.52 billion, beating forecasts for revenue of USD21.82 billion.

Home Depot now sees full year earnings per share at USD3.60 compared to a previous estimate of USD3.52 per share. 

The outlook for U.S. equity markets was mildly lower. The Dow Jones Industrial Average futures pointed to a loss of 0.1% at the open, S&P 500 futures lost 0.1%, while the Nasdaq 100 futures indicated a decline of 0.1% at the open.