Home Depot's $36.8 Billion in Q3 Sales Again Surprises Analysts
Home Depot (NYSE: HD), the world's largest home improvement retailer, reported third-quarter results before the markets opened on Tuesday and revealed yet another quarter of healthy sales growth. Surprisingly, Home Depot is maintaining consumer enthusiasm despite a broad reopening of the economy.
Overall, Home Depot reported sales of $36.8 billion in its fiscal third quarter that ended Oct. 31. That's 9.8% higher than the $33.5 billion in sales it reported during the same time last year. The revenue growth was better than analysts on Wall Street were expecting. It seems like every quarter since the COVID-19 pandemic eased, the market experts expect sales growth will slow down significantly for Home Depot, and every quarter Home Depot's sales prove resilient.
Home Depot's stock was up 6% in the hours after reporting better-than-expected earnings results. Image source: Getty Images.
Source Fool.com
