BUZZ-Home Depot gains after surprise rise in comparable sales
ReutersFeb 25, 2025 3:07 PM
Updates
Home improvement firm Home Depot's HD.N shares reverse their premarket fall, and are up 3% at $393
Co posts surprise rise of 0.8% in comparable sales, compared with analysts' estimate of a 1.87% drop - data compiled by LSEG
Customer transactions jump 7.6% from last year, while the average ticket increase 0.3%,
However, co forecasts annual comparable sales to grow 1%, below analysts' expectations of 1.7% growth
Co is navigating a weak housing market and high interest rates amid signs of U.S. consumers becoming more cautious
Peer Lowe's LOW.N shares also up 2% after falling about 2% premarket after HD's earnings release
HD stock rose 12.25% in 2024
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