Why Home Depot Stock Dropped Today
Shares of Home Depot (NYSE: HD) fell on Tuesday, following the release of the home improvement retailer's second-quarter results. As of 3:10 p.m. EDT, Home Depot's stock price was down more than 4%.
Home Depot's sales rose 8.1% year over year to $41.1 billion. The gains were fueled by a 4.5% increase in comparable sales, including a 3.4% rise in the U.S.
The company's net earnings, in turn, jumped 11% to $4.8 billion. Its earnings per share, which were boosted by stock buybacks, increased 12.7% to $4.53.
Source Fool.com
