Home Depot beat Wall Street’s first-quarter revenue and domestic same-store sales expectations, and maintained its full-year guidance.

HD's Q1 sales reflect gains from customer engagement in smaller projects and spring events. Earnings continue to reflect higher costs and soft margins.

Home Depot reaffirmed it forecast of total sales growth of 2.8% year-over-year, reaching $163.98 billion, below the consensus of $164.17 billion. The company anticipates adjusted earnings per share will decline about 2% to $14.94, lower than the $14.99 consensus estimate.

Since the article was published, Home Depot's stock has declined 7.02%, significantly underperforming the S&P 500, which gained 1.13% during the same period.

The Home Depot Inc (HD) reports a 9.4% revenue increase, despite pressures from high interest rates and foreign exchange impacts.

Home Depot (HD) came out with quarterly earnings of $3.56 per share, missing the Zacks Consensus Estimate of $3.59 per share. This compares to earnings of $3.63 per share a year ago. These figures ...

Lowe's Companies ( NYSE: LOW) gained in premarket action despite beating consensus estimates with its Q1 earnings report and sticking by its full-year guidance despite the macroeconomic backdrop.