Home Depot Sinks Almost 3% Despite Q4 Beat
The king of do-it-yourself retail isn't doing it for investors on Tuesday. Home Depot (NYSE: HD) reported its latest quarterly figures this morning, and investors reacted by trading down the stock.
For its fourth quarter of 2020, sales came in at $32.3 billion, a 25% improvement over the year-ago quarter. That was on the back of comparable sales that climbed by nearly the same percentage. On the bottom line, net profit was 16% higher at $2.9 billion, or $2.65 per share.
Image source: Home Depot.
Source Fool.com
