Home Depot Tops Estimates, Lifts Sales Outlook

Home Depot (HD) shares rose Tuesday morning after its third-quarter results came in above estimates and the retailer also lifted fiscal 2024 sales projections. The home improvement giant reported revenue of $40.22 billion in the quarter, above the $39.25 billion analysts polled by Visible Alpha expected and the $37.71 billion the retailer generated a year ago. Net income came in at $3.65 billion, above the $3.58 billion consensus expectation but lower than last year's $3.81 billion. Home Depot also updated ...