Home Depot Stock Rises After Earnings Beat
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Home Depot's stock rose after the company reported third-quarter adjusted earnings of $3.78 per share, surpassing estimates, with sales increasing to $40.2 billion.
November 12, 2024 | 11:30 am
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Home Depot reported better-than-expected third-quarter earnings of $3.78 per share, with sales rising to $40.2 billion, leading to a rise in its stock price.
The earnings beat and sales increase are positive indicators for Home Depot, likely leading to a short-term rise in stock price as investor sentiment improves.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100