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PRE-MARKET MOVERS: Home Depot takes a dive on quarterly sales miss, but Sorl Auto Parts Inc revs up

Net sales for the three months were up 4.4% to US$24.95bn but analyst consensus was for revenue of US$25.15bn

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Home Depot shares took a bath in pre-market

As retail week takes centre stage, DIY giant Home Depot Inc (NYSE:HD)  is in focus in pre-market deals.

Shares are down 2.92% to US$185.50 each after the firm posted a quarterly sales miss.

Net sales for the three months were up 4.4% to US$24.95bn but analyst consensus was for revenue of US$25.15bn.

Elswewhere, Sorl Auto Parts Inc (NASDAQ:SORL) saw shares surge over 17% to US$6.15 in pre-market deals after a strong first quarter earnings report.

The group's earnings totaled US$8.27 million, or US$0.43 per share,compared with US$6.92 million, or US$0.36 per share, in last year's first quarter.

Analysts had expected the firm to earn US$0.19 per share, so it was a hefty beat.

Meanwhile, Agilent Technologies (NYSE:A) shed 7.08% to US$64.31 before the New York bell after the health care equipment and services provider reported slightly better-than-expected earnings, but guidance fell short of expectations.

The company said it expects second-quarter earnings between 61 US cents and 63 US cents a share on revenue between US$1.19bn and US$1.21bn. Wall Street had projected earnings of 65 US cents on US$1.21bn in revenue, according to Thomson Reuters consensus estimates.

Elsewhere, Chinese e-commerce group Vipshop Holdings Ltd (NYSE:VIPS) saw shares tank over 16% to US$12.65 in pre-market after the company posted earnings that fell short

Vipshop said it expects second-quarter revenue of 19.9bn renminbi (RMB), which was below estimates of 21.26bn RMB.

Quick facts: Home Depot Inc

Price: 214.08 USD

NYSE:HD
Market: NYSE
Market Cap: $233.53 billion
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