I received a call at LCT HQ last night questioning our claim that Home Depot (NYSE: HD) beat their earnings figure. And, after a healthy conversation, I realized the info posted on this blog may have drawn more confusion than clear guidance.
The company reported net income fell to $689 million, or 41 cents a share--down from 45 cents a share. However, the consensus forecast was for 36 cents a share. And--on the top-line, HD's sales dropped to $16.36 billion--matching expectations.
Thanks to one of our followers on the east coast for bringing this to our attention. We love the feedback here at LCT, so if you are ever questioning something said on the blog, teevee, radio, or print, please never hesitate to reach out and let us know. We'll be happy to discuss it!
Ok--LandColt Trading, LLC is about to have a HUGE announcement released at 8:15, New York Time. Stay tuned!!!! You will not want to miss it.
For now, here's the Overseas Boxscore:
Hang Seng: -0.32%
Straits Times: -0.72%
Due to be released today: CPI, Housing Starts, Building Permits. You already know how I feel about Housing. Look for a full analysis when this info is released at 8:30 am, NYT.
Talk to you,
Todd M. Schoenberger, Managing Director
LandColt Trading, LLC