=Home Depot (HD) reported earnings on Tue 15 Aug 17 (b/o)

Home Depot beats by $0.03, reports revs in-line; raises FY18 guidance; comps +6.3%; sees FY18 comps sales +5.5%(156.26 )

• Reports Q2 (Jul) earnings of $2.25 per share, $0.03 better thanthe Capital IQ Consensus of $2.22; revenues rose 6.2% year/year to $28.11 bln vs the $27.84 bln Capital IQ Consensus.Comparable store sales for the second quarter of fiscal 2017 were positive 6.3 percent, and comp sales for U.S. stores were positive 6.6 percent.
• Co issues raised guidance for FY18, sees EPS of $7.29 from $7.15 vs. $7.24 Capital IQ Consensus Estimate; sees FY18 revs of +5.3% from +4.6% to ~$99.61 bln vs. $99.35 bln Capital IQ Consensus Estimate.Based on its year-to-date performance, the Company updated its fiscal 2017 sales growth guidance and now expects sales will be up approximately 5.3 percent and comp sales will be up approximately 5.5 percent.