06:46 AM EDT, 08/13/2024 (MT Newswires) -- Home Depot ( HD ) reported fiscal Q2 adjusted earnings Tuesday of $4.67 per diluted share, down from $4.68 a year earlier.

Analysts polled by Capital IQ expected $4.55.

Revenue for the quarter ended June 28 was $43.18 billion, up from $42.92 billion a year earlier.

Analysts surveyed by Capital IQ expected $42.71 billion.

The home improvement retailer said comparable sales in fiscal Q2 decreased 3.3%. Analysts surveyed by Capital IQ a decline of 2.2%.

The company said it now expects fiscal 2024 adjusted diluted earnings per share to decline between 1% and 3% and sales to increase between 2.5% and 3.5%. The company previously guided for EPS growth of about 1% and sales growth of roughly 1%.

Comparable sales for the current fiscal year are now projected to decline between 3% and 4%. That compares with a decline of 1% previously.

Shares of the company were down 4% in recent Tuesday premarket activity.

Price: 332.05, Change: -13.76, Percent Change: -3.98