{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
Markets
As of: {{timeStamp.date}}
{{timeStamp.time}}

Markets

{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}

Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

More Video

Nov 13, 2018

Home Depot raises forecast, easing concern on home improvement market

Home Depot raises annual sales forecast as it beats in Q3

VIDEO SIGN OUT

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

Home Depot Inc. (HD.N) eased doubts about a slowing home-improvement market, raising its annual sales forecast as quarterly earnings and revenue beat analysts’ estimates.

Same-store sales rose 4.8 per cent in the third quarter, surpassing analysts’ projections. Revenue of $26.3 billion topped estimates.

Key Insights

-Even with some housing indicators softening, home prices have continued to rise, which Home Depot sees as the biggest incentive for people to spend on their properties.

-The world’s largest home-improvement chain showed off its ability to manage an income statement as earnings of us$2.51 a share topped estimates for the 18th straight quarter, dating back to the beginning of 2014.

-The company signaled optimism for the rest of the year by raising its full-year sales growth forecast to 7.2 per cent, up from its previous outlook for a 7 per cent increase. Home Depot saw gross margin rise to 34.8 per cent -- the highest point in more than four years. It was still lower than analysts’ forecast of 35 per cent, however, with higher transportation and raw-material costs likely eating into profitability.

Market Reaction

Home Depot rose as much as 3.7 per cent to us$186.12 Tuesday before U.S. markets opened.