The Motley Fool

Breaking News: Home Depot Stock Soars After Earnings Beat

Key Points

• Home Depot stock jumped premarket after reporting strong second-quarter earnings.
• The company beat analysts' expectations on both revenue and earnings per share.
• Home Depot cited strong demand for home improvement products amid rising home prices.

Article Body

WEB Find the latest The Home Depot Inc HD stock quote history news and other vital information to help you with your stock. WEB Get the latest Home Depot Inc HD real-time quote historical performance charts and other financial information. WEB HD Complete Home Depot Inc View real-time stock prices and stock. WEB Find the latest The Home Depot Inc HD stock quote history news and other vital information to help you with. WEB Discover real-time Home Depot Inc The Common Stock HD stock prices quotes historical data news and. WEB View the latest Home Depot Inc HD stock price news historical charts analyst ratings and financial. WEB Stock Quote Chart. WEB Stock analysis for Home Depot IncThe HDNewYork including stock price stock chart company..

Home Depot's stock jumped in premarket trading on Tuesday after the home improvement retailer reported better-than-expected second-quarter earnings. The company beat analysts' estimates on both revenue and earnings per share.

Home Depot reported revenue of $43.79 billion, up 8.1% from the same period last year. Analysts had expected revenue of $43.37 billion. The company's earnings per share came in at $5.35, up 12.3% from the prior year. Analysts had expected earnings per share of $5.23.

Home Depot cited strong demand for home improvement products amid rising home prices. The company said that demand was particularly strong for outdoor products, building materials, and home décor.

Home Depot's earnings report is a positive sign for the home improvement sector. It suggests that consumers are still spending on home improvement projects, even as inflation and interest rates rise.

Tradingview