BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Home Depot Stock Rises Despite Earnings Miss on Bullish Guidance
Home Depot Stock Rises Despite Earnings Miss on Bullish Guidance
18
3
BTCCSquare news:
Home Depot shares climbed 3.2% intraday despite posting Q2 adjusted EPS of $4.68, narrowly missing estimates. The home improvement retailer's $45.28 billion revenue matched expectations, with U.S. same-store sales growing 1.8% year-over-year.
Investors shrugged off the earnings shortfall as management reaffirmed full-year sales growth guidance of 2.8%, slightly below analyst projections. The market responded positively to implied margin improvements in forward-looking statements, driving the stock's outperformance against declining broader indices.
By:
