Investing.com – Home Depot (NYSE: ) reported third quarter EPS of $3.78, $0.14 better than the analyst estimate of $3.64. Revenue for the quarter came in at $40.22B versus the consensus estimate of $39.27B. Guidance Home Depot sees FY 2024 EPS of $15.25 Home Depot’s stock price closed at $408.29. It is up 13.39% in the last 3 months and up 41.73% in the last 12 months. Home Depot saw 0 positive EPS revisions and 27 negative EPS revisions in the last 90 days. See Home Depot’s stock price’s past reactions to earnings here. According to InvestingPro, Home Depot’s Financial…
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Investing.com — Home Depot reported better-than-expected third-quarter results on Tuesday, sending shares up 1.85% in early trading. The world’s largest home improvement retailer posted adjusted earnings per share of $3.78, surpassing analyst estimates of $3.64. Revenue for the quarter came in at $40.22 billion, beating the consensus estimate of $39.27 billion and representing a 6.6% increase YoY. Despite the revenue growth, comparable sales for the third quarter decreased 1.3%, with U.S. comparable sales down 1.2%. The company attributed the sales beat to normalized weather conditions and hurricane-related demand. “While macroeconomic uncertainty remains, our third quarter performance exceeded our expectations,” said Ted…
There may not be a hotter stock on Wall Street right now than Palantir Technologies. The company’s artificial intelligence (AI) software is revving its growth engine, and there is a wide-open market opportunity in both government and the private sector. The stock is up approximately 800% since the start of last year. Be warned. Momentum can sometimes take stock prices to irrational places, and Palantir’s valuation has arguably become untenable at more than 50 times the company’s revenue. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » There might be a…
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Image source: Getty Images Aviva (LSE: AV) shares have long been a core passive income holding for me. This is money made from minimal effort, with dividends paid by shares. And it is the best way I have found to do this. My aim with such stocks is to maximise my passive income so I can keep reducing my working commitments. Key qualities for my passive income stocks The first facet I want in a passive income holding is a yield of at least 7%. Why this figure? I can get over 4% from the UK’s 10-year government bond –…
Solution selected by Micron (NASDAQ:), Smart Modular Technologies to advance CXL ecosystem VIAVI CXL testing solutions will be demonstrated at SC24, November 18-21CHANDLER, Ariz., Nov. 12, 2024 /PRNewswire/ — VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that the VIAVI Xgig ® CXL Exerciser has received CXL 2.0 Gold Suite certification from the Compute Express Link ® Consortium. This certification enables the Xgig CXL Exerciser to qualify CXL devices for inclusion in the CXL v2.0 Integrators List, and continues VIAVI’s leadership in this critical technology segment. CXL is an interconnect technology designed to optimize data flow between a Central Processing…
Amid the current artificial intelligence (AI) hype cycle, companies are jockeying for an edge in this fast-developing sector. So far this year, software M&A is staging a comeback. After bottoming out in the fourth quarter of 2022, it has accounted for more than 600 deals in the first quarter of 2023 as larger, deep-pocketed firms invest, partner, or simply mop up smaller, private, venture-backed companies. While these investment dollars are still a drop in the bucket relative to the dry powder in private equity and corporate coffers, serial acquirers are looking for opportunities to increase their capabilities. Nevertheless, the M&A…
American Express deserves a spot in your long-term portfolio. During the past year, Warren Buffett’s Berkshire Hathaway (BRK.A) (BRK.B 0.85%) sold a lot of its top stocks — including Apple (AAPL -1.20%) and Bank of America (BAC 2.10%) — to boost its cash holdings to record highs. For some investors, those sales suggested Buffett was bracing for a market crash. A market pullback wouldn’t be surprising, since the S&P 500 (^GSPC 0.10%) has already rallied nearly 80% during the past five years and looks historically expensive at more than 30 times earnings. However, Berkshire Hathaway didn’t sell any shares of…
Image source: Getty Images Since last week’s election, the US stock market has experienced a frenzy of activity, with both the S&P 500 and Dow Jones Industrial Index (DJI) reaching new highs. The S&P 500 had its best week in a year, crossing the key 6,000-point mark for the first time in history. The DJI was right behind it, breaching 44,000 points for another historic first. Sectors that did particularly well include financials, energy and industrials. On the flip side, consumer staples, utilities and property stocks suffered. To add to the excitement, the Federal Reserve initiated another quarter-point interest rate…
Proponents insist Article 6.4 carbon market standards contain robust environmental and human rights safeguards, but campaigners want ‘back door deal’ risks opening door to widespread greenwashing Source link