Home Depot Stock Is Gaining as Earnings Show People Are Still Fixing Up Homes

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Shares of Home Depot rose slightly in premarket trading Tuesday after the company reported third-quarter earnings that beat earnings expectations thanks to continued demand for home improvement amid a strong housing market.

Revenue for the No. 1 home-improvement retailer rose 9.8% to $36.82 billion, well above the FactSet consensus of $34.95 billion. Same-store sales grew 6.1%, beating consensus of 2.4% growth, while U.S. same-store sales rose 5.5% to top expectations of a 2.3% increase.


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