Categories AlphaGraphs, Earnings, Other Industries

Home Depot (HD) Q1 results beat estimates; stock gains

The Home Depot, Inc. (NYSE: HD) reported higher earnings and revenues for the first quarter of 2022. The results also topped expectations, driving the home decor company’s stock higher early Tuesday.

Home Depot Q1 2022 earnings infographic

First-quarter net income increased to $4.23 billion or $4.09 per share from $4.15 billion or $3.86 per share in the same period of 2021. The latest number also exceeded analysts’ estimates.

The bottom line benefitted from a 4% increase in revenues to $38.9 billion, which also came in above the consensus estimates. The company also provided financial guidance for fiscal 2022.


Check this space to read management/analysts’ comments on Home Depot’s Q1 earnings


“The solid performance in the quarter is even more impressive as we were comparing against last year’s historic growth and faced a slower start to spring this year. These results are a direct reflection of our associates’ continued ability to effectively navigate a challenging and dynamic environment. I would like to thank them and our many partners for their hard work and dedication to our customers,” said Ted Decker, CEO of Home Depot.

Prior Performance

  • Home Depot Q4 2021 Earnings Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

MCD Earnings: McDonald’s comp sales up 12.6% in Q4; profit increases

Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter

GM Earnings: All you need to know about General Motors Q4 2022 earnings results

General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%

CAT Earnings: Highlights of Caterpillar’s Q4 2022 results

Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top