Home Depot stock rises after Q3 earnings beat, 2024 guidance raised
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Home Depot's stock rose after the company reported better-than-expected Q3 earnings and raised its 2024 profit forecast, driven by increased sales following severe weather in the southeastern US.
November 12, 2024 | 1:45 pm
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Home Depot's stock increased due to better-than-expected Q3 earnings and an upward revision of its 2024 profit forecast, influenced by higher sales after severe weather in the southeastern US.
The positive earnings report and raised profit forecast are strong indicators of Home Depot's financial health, likely boosting investor confidence and driving the stock price up. The impact of severe weather on sales further supports this upward trend.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100