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May 19, 2020, 6:10 a.m. EDT

Home Depot's stock falls after profit misses, while revenue and same-store sales beat

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By Tomi Kilgore

Shares of Home Depot Inc. /zigman2/quotes/208081807/composite HD -0.17% fell 2.5% in premarket trading Tuesday, after the home improvement retailer reported a fiscal first-quarter profit that missed expectations, although revenue and same-store sales rose more than forecast. Net income for the quarter to May 5 fell to $2.25 billion, or $2.08 a share, from $2.51 billion, or $2.27 a share, in the year-ago period. The FactSet consensus for earnings per share was $2.27. Sales rose 7.1% to $28.26 billion, above the FactSet consensus of $27.56 billion. Overall same-store sales grew 6.4% from a year ago, beating the FactSet consensus of 4.3% growth, while U.S. same-store sales rose 7.5% compared with expectations of a 4.0% rise. The company said while sales were "strong" at the end of the first quarter and into the first two weeks of the second quarter, it is suspending its previously provided financial guidance given the uncertainties regarding the effects of the COVID-19 pandemic. Separately, Home Depot announced a regular quarterly dividend of $1.50 a share, payable June 18 to shareholders of record on June 4. The stock has gained 0.7% over the past three months through Monday, while the SPDR S&P Retail ETF /zigman2/quotes/206947004/composite XRT -1.82% has shed 14.6% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.58% has lost 16.2%.

$ 302.61
-0.51 -0.17%
Volume: 8.79M
June 18, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$321.93 billion
Rev. per Employee
US : U.S.: NYSE Arca
$ 91.80
-1.70 -1.82%
Volume: 2.49M
June 18, 2021 4:00p
US : Dow Jones Global
-533.37 -1.58%
Volume: 569.38M
June 18, 2021 5:09p

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