Home Depot Inc Reaffirms FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance

Home Depot Inc reaffirmed fiscal 2012 sales guidance and expects sales to be up approximately 4.6% from the prior year on a 53-week basis. The Company raised fiscal 2012 diluted earnings per share guidance and now expects diluted earnings per share to be up approximately 19% to $2.95. The Company reported revenue of $70.395 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $73.9 billion and EPS of $2.92 for fiscal 2012.