Home Depot Down 3% on Lower Revenues, Outlook

The Home Depot

is trading lower pre-market following its Q1 earnings announcement. The company reported an EPS of $0.65 vs $0.65 estimates and revenues of $17.8 billion vs $17.93 billion estimates. Home Depot also guided full year EPS $2.90 vs $2.91 estimates. Frank Blake, chairman & CEO said: "We saw a stronger-than-expected start to the year, driven by record warm weather and continued demand for core products. I would like to thank our associates for their hard work and dedication." The Home Depot is currently trading at $48.39, a loss of $1.49 or 2.99%.