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DAILY EARNINGS

Home Depot Net Surges, Corporate Capital Trust Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 12:27 PM EDT May 15 2018

11:45 PM New York American Midstream Partners first-quarter net loss narrowed to $14 million. Corporate Capital Trust first-quarter net loss widened to $31 million. Eagle Materials fourth-quarter net rose 2% to $37 million. Goodrich Petroleum net edged down but revenues surged. Home Depot first-quarter net surged 20% to $2.4 billion.

Tollbooth Index declined 172.06 or 1.1% to 15,181.88 but for the year-to-date jumped 10.2%.

Earnings Review

American Midstream Partners, LP (AMID), the natural gas services provider said revenues in the first-quarter ending in March soared 25.4% from a year ago to $205.8 million.

Net loss in the quarter narrowed to $13.8 million or 42 cents per diluted share from $30.2 million or 75 cents in the same quarter last year.

Corporate Capital Trust, Inc (CCT), the investment services provider stated total interest income in the first-quarter ending in March increased 1.1% from a year ago to $84.6 million.

Net loss in the quarter widened to $30.6 million from $11.7 million in the same quarter last year.

Eagle Materials Inc (EXP), the construction materials maker reported revenues in the fourth-quarter ending in March advanced 2% from a year ago to $284.7 million.

Net income in the quarter rose 1.9% to $37 million or 76 cents per diluted share from $36.3 million or 75 cents in the same quarter last year.

Goodrich Petroleum Corporation (GDP), the oil and gas producer said revenues in the first-quarter ending in March surged 25.5% from a year ago to $11.8 million.

Net loss in the quarter edged down to $5.3 million or 47 cents per diluted share from $5.7 million or 63 cents in the same quarter last year.

The Home Depot Inc (HD), the home improvement specialty retailer reported revenues in the first-quarter ending in March jumped 4.4% from a year ago to $24.9 billion.

Comparable sales in the quarter soared 4.2% and comparable sales in the U.S. advanced 3.9%.

Net income in the quarter surged 20% to $2.4 billion or $2.08 per diluted share from $2 billion or 1.67 in the same quarter last year.

The home improvement retailer forecasted fiscal 2018 revenue growth of about 6.7% and comparable sales to jump 5% and reaffirmed diluted earnings per share growth of about 28% from $9.31 in the fiscal 2017.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc