Home Depot slides as lack of future profit guidance outweighs earnings beat

Business Insider Australia | Feb 23, 2021 at 5:40 AM
  • Shares of Home Depot slipped  as much as 6% on Tuesday as the largest home improvement retailer in the country declined to provide profit guidance for 2021, citing the unpredictability of how the coronavirus pandemic will affect its sales.
  • The company on Tuesday reported earnings that grew 16% to $US2.65 ($3) per share, including $US0.09 ($0) in one-time costs concerning its acquisition of HD Supply, for the quarter ended January 31.
  • This is slightly higher than the $US2.62 ($3) per share expected by analysts surveyed by Refinitiv.