=Home Depot (HD) reported earnings on Tue 23 Feb 2016 (before open)

Home Depot beats by $0.07, beats on revs; guides FY17 EPS in-line, revs above consensus; raises dividend, reiterates capital allocation strategy  :

• Reports Q4 (Jan) earnings of $1.17 per share, $0.07 better than the Capital IQ Consensus of $1.10; revenues rose 9.5% year/year to $20.98 bln vs the $20.4 bln Capital IQ Consensus.
• Co issues guidance for FY17, sees EPS of $6.12-6.18 vs. $6.15 Capital IQ Consensus Estimate; sees FY17 revs of ~$93.03-93.83 bln (+5.1-6%) vs. $92.92 bln Capital IQ Consensus Estimate; expects comparable store sales growth of approximately 3.7 to 4.5 percent; expects capital spending of approximately $1.64 billion; expects operating margin rate expansion of approximately 70 basis points
• The company raised its quarterly dividend to $0.69/share from $0.59/share