Home Depot made a good impression on Wall Street as its Q2 figures came in higher-than-expected.
The retailer's net income grew from $3.48 billion to $4.33 billion or $4.02 per share. It topped the $3.68/ share consensus.
Home Depot posted revenues of $38.1 billion, marking a 24.75% increase from last year's figures. It exceeded the $34.5 billion forecasted.
In the US, the same-store sales reported a 25% growth, more than double of the 12% expected. Same-store sales from the US, Canada, and Mexico increased by 23.4%, beating the 10.5% outlook.
During today’s pre-market trading session, Home Depot stock gained 0.64%. Year-to-date, it added 32%, while USA30 slipped 2.4%.
See how other retailers performed here!
Sources: thestreet.com, marketwatch.com