Company news: Home Depot’s (HD) quarterly results exceed analysts’ expectations

Home Depot (HD) reported Q4 FY2023 earnings of $2.82 per share (versus $3.30 per share in Q4 FY2022), beating analysts’ consensus estimate of $2.77 per share.

The company’s quarterly revenues amounted to $34.786 bln (-2.9% y/y), slightly beating analysts’ consensus estimate of $34.643 bln.

The company also said that its board of directors approved a 7.7% increase in its quarterly dividend to $2.25/share.

HD fell to $354.00 (-2.30%) in pre-market trading.