Atlanta, Georgia-based home improvement retailer The Home Depot Inc (HD) posted its fourth-quarter 2018 results on Feb. 26, before the opening bell.
Sales jumped 10.9% to $26.5 billion in the three-month period, while comp sales grew 3.2%. US comp sales rose by 3.7%.
Net earnings grew 31.8% to $2.34 billion. Diluted earnings jumped 37.5% to $2.09 a share.
Net earnings were hit by a pre-tax charge of about $247 million due to impairment losses regarding certain trade names at Interline Brands.
Analysts expected earnings of $2.16 a share on revenue of about $26.5 billion in the quarter.
LOOKING TO FISCAL 2019
Home Depot expects comp sales growth of about 5% for fiscal 2019, with sales growth of about 3.3%.
Five new stores are expected to open in the year, with gross margin of about 34%.
Earnings is expected to grow 3.1% to about $10.03 per diluted share.
We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
