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Home Depot Q1 Earnings: Revenue Beats but EPS Misses Amid Modest Growth
Home Depot Q1 Earnings: Revenue Beats but EPS Misses Amid Modest Growth
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Home Depot Inc. reported mixed first-quarter results, with revenue exceeding expectations but earnings per share falling slightly short. The home improvement retailer posted $39.86 billion in revenue, a 9.4% year-over-year increase that surpassed analyst estimates. Comparable U.S. store sales edged up 0.2%, demonstrating resilience in a challenging housing market.
Despite the earnings miss, Home Depot maintained its full-year guidance, signaling confidence in its ability to navigate economic headwinds. The stock traded at $378.27 following the May 20 earnings release, reflecting modest downward pressure as investors weighed the results against macroeconomic concerns.
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