Home Depot earnings beat despite wet start to spring – CNBC – UKA News

As of Monday’s market close, home depot shares, which have a market value of $210.6 billion, are up more than 11% this year and up less than a percent over the past 12 months. Lowe’s, which is set to report earnings before the bell Wednesday, is up 18% since January and 24% over the past 12 months.

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(CNBC) On today’s economic calendar, the National Association of Realtors is out with April existing home sales at 10 a.m. ET, with forecasts calling for a rise of 2.7% after April’s 4.9% decline.

Latest news, headlines, blogs and watch video about discount retailers, dollar stores, big box stores, electronics retailers and home improvement retailers.

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Home Depot on Tuesday reported second-quarter earnings that topped views, and the home-improvement retailer also raised full-year forecasts. But home depot stock fell.

Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts’ expectations, despite record-breaking wet weather in February and falling lumber prices. Sales performance came in below the company’s expectations, Home Depot’s CEO Craig Menear said on the company’s earnings call.

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* Home Depot, a Dow stock, saw earnings beat despite wet start to spring (CNBC) * Kohl’s shares sink 10% as the retailer trims its outlook (CNBC) Morgan Stanley cut its worst-case forecast on Tesla’s stock from $97 to just $10, citing concerns about the company’s increased debt load and geopolitical exposure.

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 · As of Monday’s market close, Home Depot shares, which have a market value of $210.6 billion, are up more than 11% this year and up less than a percent over the past 12 months. Lowe’s, which is set to report earnings before the bell Wednesday, is up.

Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts’ expectations, despite record-breaking wet weather in February and falling lumber prices. Sales performance came in below the company’s expectations, Home Depot’s CEO Craig Menear said on the company’s earnings call.

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CNBC. Lowe’s shares crater as higher costs lead to earnings miss and slashed forecast.. news coverage about Home Depot (NYSE:HD) has trended somewhat positive recently, InfoTrie Sentiment analysis reports.. home depot earnings beat despite wet start to spring.