Company Of The Day: Home Depot

+6.27%
Upside
354
Market
376
Trefis
HD: Home Depot logo
HD
Home Depot

What?

Home Depot (NYSE:HD) posted a stronger than expected set of Q3 2021 earnings, with net revenue rising 9.8% year-over-year to $36.8 billion, and EPS coming in at $3.92.

Why?

Relevant Articles
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  2. Down 8% This Year Will Home Depot Stock Rebound After Its Q3?
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  5. Can Home Depot Stock Return To Pre-Inflation Shock Highs?
  6. Why Are Housing Stocks Outperforming?

Spending on home improvement projects continues to rise, with consumers also spending more during each store visit. The company’s average ticket rose 12.9% to $82.38 in Q3.

So What?

HD stock was up by about 5% on Tuesday’s trading.

See Our Complete Analysis For Home Depot

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