alingtonsky
Forumer storico
February 24, 2009 9:16 AM ET
Home Depot (HD 18.71) reported earnings that topped analyst estimates, but revenues fell and the No. 1 home improvement retailer forecast lower sales and earnings for 2009.
For the fourth quarter, Home Depot reported earnings of $0.19 per share, excluding charges, $0.04 better than the First Call consensus of $0.15. Earnings per share were down 52.5% year-over-year.
Home Depot's EPS figures do not include a $387 million pretax charge related to the company's decision to exit the Expo Design Center business and a pretax write-down of $163 million related to the company's investment in HD Supply.
Revenues fell 17.3% year-over-year to $14.61 billion, in-line with the $14.67 billion consensus. Same-store sales for the quarter were down 13.0% year-over-year, hurt by an extra week in 2007. Excluding the calendar shift, same-store sales were down 11.5%.
Home Depot expects full year 2009 sales to decline approximately 9%, with same-store sales down in the high single digits. Rival Lowe's (LOW 15.09), which reported earnings last week, expects similar declines in same-store sales.
The company said gross margin is expected to be flat to a slight expansion, while operating margin is expected to be slightly up.
...
http://news.moneycentral.msn.com/ticker/article.aspx?Feed=Bcom&Date=20090224&ID=9637607&Symbol=HD
Home Depot ha annunciato oggi dei dati di bilancio che hanno potuto in parte superare le attese del mercato ...
http://www.borsainside.com/mercati_usa/febbraio_2009/20090224_hd_conti.shtm
Home Depot (HD 18.71) reported earnings that topped analyst estimates, but revenues fell and the No. 1 home improvement retailer forecast lower sales and earnings for 2009.
For the fourth quarter, Home Depot reported earnings of $0.19 per share, excluding charges, $0.04 better than the First Call consensus of $0.15. Earnings per share were down 52.5% year-over-year.
Home Depot's EPS figures do not include a $387 million pretax charge related to the company's decision to exit the Expo Design Center business and a pretax write-down of $163 million related to the company's investment in HD Supply.
Revenues fell 17.3% year-over-year to $14.61 billion, in-line with the $14.67 billion consensus. Same-store sales for the quarter were down 13.0% year-over-year, hurt by an extra week in 2007. Excluding the calendar shift, same-store sales were down 11.5%.
Home Depot expects full year 2009 sales to decline approximately 9%, with same-store sales down in the high single digits. Rival Lowe's (LOW 15.09), which reported earnings last week, expects similar declines in same-store sales.
The company said gross margin is expected to be flat to a slight expansion, while operating margin is expected to be slightly up.
...
http://news.moneycentral.msn.com/ticker/article.aspx?Feed=Bcom&Date=20090224&ID=9637607&Symbol=HD
Home Depot ha annunciato oggi dei dati di bilancio che hanno potuto in parte superare le attese del mercato ...
http://www.borsainside.com/mercati_usa/febbraio_2009/20090224_hd_conti.shtm
