Home Depot stock jumps after big earnings beat, surprise same-store sales growth

Shares of Home Depot Inc. HD, -0.01% shot up 4.6% in premarket trading Tuesday, after the home improvement retailer reported fiscal first-quarter earnings that rose above expectations, surprise growth in same-store sales and raised its full-year outlook. Net income for the quarter to May 1 rose to $4.23 billion, or $4.09 a share, from $4.15 billion, or $3.86 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share the FactSet consensus of $3.69. Sales grew 3.

71 billion, while same-store sales increased 2.2% compared with expectations of a 2.9% decline."Fiscal 2022 is off to a strong start as we delivered the highest first quarter sales in company history," said Chief Executive Ted Decker.

Yeah, um.... it's down today. WTF are you talking about

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Home Depot is about to report earnings. Here's what to expectShares of the company have fallen 7% over the last year, dragging its market value down to $306 billion. Easy to tell the future when your a part of the big scam.
Source: CNBC - 🏆 12. / 72 Read more »